Synthesizing Sources and Determining Purpose Directions : Read the Following

question 56

Multiple Choice

Synthesizing Sources and Determining Purpose Directions : Read the following passages. Identify the purpose of each one by selecting either P or I .
Purpose
References to the island of Atlantis-the name means daughter of Atlas--first turn up in the writings of Plato some time in 360 B.C..In Plato's description, Atlantis is an island in the middle of the Atlantic Ocean.As Plato tells it, the island society had grown powerful and ambitious after its navy conquered parts of Africa and Western Europe.But when it tried to conquer the Greeks, Atlantis was defeated and mysteriously sank into the sea within a single day.Ancient scholars who came after Plato kept the story of Atlantis alive, largely by arguing about whether or not it had really existed.Most decided that it had not and the island and its fate were eventually forgotten until the Middle Ages when the story of Atlantis was rediscovered and became the inspiration for Francis Bacon's novel New Atlantis , published in 1624.Since that time, the mystery of Atlantis has been recounted again and again.It has also become a staple of science fiction.

• A) P
• B) I

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Definitions:

Asset Turnover Ratio

A financial metric that measures the efficiency of a company in using its assets to generate sales or revenue; it is calculated by dividing net sales by average total assets.

Long-term Investments

Investments made with the intention to hold for more than one year, typically in bonds, stocks, or real estate, aiming for long-term capital growth.

Quick Ratio

A financial ratio that measures the ability to pay current liabilities with quick assets (cash, marketable securities, accounts receivable).

Account Payable

Financial obligations or debts owed by a business to its suppliers or creditors for goods and services received.