During 2011, Rathke Corporation Reported Net Sales of $2,500,000, Net

question 62

Multiple Choice

During 2011, Rathke Corporation reported net sales of $2,500,000, net income of $1,200,000, and depreciation expense of $100,000.Rathke also reported beginning total assets of $1,000,000, ending total assets of $1,500,000, plant assets of $800,000, and accumulated depreciation of $500,000.Rathke's asset turnover ratio is

• A)2.5 times.
• B)2.0 times.
• C)1.6 times.
• D).1.2 times.

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Definitions:

Competencies

Set of skills, knowledge, abilities, and attributes that are required for success in a particular job or professional role.

Competitive Advantage

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Apprenticeship Programs

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Internship Programs

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