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.

---

Definitions:

Decision-Making Process

A step-by-step approach to making choices among various alternatives, involving elements such as identifying a problem, evaluating options, and selecting a course of action.

Emergency Situation

Often involves an unusual event, can vary in nature, is unplanned and requires a quick response.

Bystander-Calculus Model

A theoretical model explaining the calculations individuals make before deciding to intervene or act in emergency situations.

Time and Effort

The amount of duration and physical or mental exertion invested into doing something.