Use the Following to Answer Questions
Pioneer Industries Gathered

question 46

Multiple Choice

Use the following to answer questions
Pioneer Industries gathered the following year-end data (in thousands) for 2010 and 2009:
$$\begin{array} { l r r } \text { Curent Assets } & \frac { 2010 } { 2009 } & \frac { 2345 } { \$ 365 } \\\text { Long-Tenn Arsets } & 790 & 720 \\\text { Curtert Liabilities } & 280 & 310 \\\text { Long-Term Liabilities } & 410 & 440 \\\text { Owners' Equity } & 445 & 335 \\\text { Net Sales } & 830 & 790 \\\text { Gross Margir } & 375 & 355 \\\text { Net Income } & 120 & 105\end{array}$$
-The asset turnover ratio for 2010 was:

• A)74.8
• B)73.1
• C)33.8
• D)10.8

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Definitions:

Variance

A measure of the dispersion or spread of a set of values, calculated as the average of the squared deviations from the mean of the set.

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Mutual funds or exchange-traded funds (ETFs) designed to follow certain preset rules so that the fund can track a specified basket of underlying investments.

PHStat

An Excel-based statistical analysis software package designed to make the understanding and application of statistics easier for users.

Decision Nodes

Points within a decision-making process or decision tree where choices between different actions must be made.