Illusions, Inc

question 43

Multiple Choice

Illusions, Inc. has net sales of $950,000, net income of $71,000, average current assets of $42,000 average fixed assets of $164,000, and average total assets of $208,000. Illusions, Inc.'s total asset turnover ratio is: (Round your final answer to two decimal places.)

• A)0.22.
• B)4.57.
• C)5.79.
• D)13.38.

---

Definitions:

Televisions

Electronic devices designed for the reception and display of audiovisual content transmitted over airwaves or through cable systems.

Comparative Advantage

The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors, enabling more efficient trade.

Opportunity Cost

Forgoing potential profits from various options by deciding on a specific alternative.

Coffee

A beverage made from roasted and ground seeds of the coffee plant, known for its stimulating effect due to caffeine content.