Breakers Bay Inc

question 19

Multiple Choice

Breakers Bay Inc.has succeeded in increasing the amount of goods it sells while holding the amount of inventory on hand at a constant level.Assume that both the cost per unit and the selling price per unit also remained constant.All else held constant,how will this accomplishment be reflected in the firm's financial ratios?

• A) decrease in the fixed asset turnover rate
• B) decrease in the financial leverage ratio
• C) increase in the inventory turnover rate
• D) increase in the day's sales in inventory
• E) no change in the total asset turnover rate

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Definitions:

Intrapersonal Intelligence

The capacity to understand oneself, to appreciate one's feelings, fears, and motivations.

Naturalistic Intelligence

An intelligence type proposed by Howard Gardner that involves the ability to recognize, categorize, and draw upon certain features of the environment.

S Factors

In the context of intelligence, S factors refer to specific intelligence abilities, as distinguished from general intelligence.

Crystallized Intelligence

The capacity to apply acquired knowledge and past experiences.