Last Year's Asset Turnover Ratio Was 2

question 93

Multiple Choice

Last year's asset turnover ratio was 2.0.Sales have increased by 25% and average total assets have increased by 10% since that time.What is the asset turnover ratio today?

• A)1.82
• B)2.05
• C)2.15
• D)2.27

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Definitions:

Grapevines

In an organizational context, grapevines refer to the informal channels of communication where information, rumors, and gossip spread among employees outside official channels.

Resale

The act of selling a product or good that one has purchased, to another buyer.

Rebuttal

A counterargument or contradiction against a previous argument, often used in debates or legal proceedings.

Revise

The process of reviewing and altering text or plans to improve clarity, quality, or efficiency.