Wildling Supply Company Has Net Sales of $1,150,000, Net Income

question 116

Multiple Choice

Wildling Supply Company has net sales of $1,150,000, net income of $90,000, average current assets of $50,000, average fixed assets of $182,000, and average total assets of $232,000. Wildling's total asset turnover ratio is: (Round your final answer to two decimal places.)

• A)23.00.
• B)0.16.
• C)6.32.
• D)4.96.

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Definitions:

Fixed-Ratio

In the context of behavioral psychology, a reinforcement schedule that rewards a response only after a specified number of responses.

Variable-Ratio

A reinforcement schedule in operant conditioning where a response is reinforced after an unpredictable number of responses.

Fixed-Interval

A schedule of reinforcement where the first response is rewarded only after a specified amount of time has elapsed.

Variable-Interval

A schedule of reinforcement where a response is rewarded after an unpredictable amount of time has passed.