A Firm Reported Working Capital of $5

question 14

Multiple Choice

A firm reported working capital of $5.5 million and fixed assets of $20 million. Its fixed asset turnover was 1.2 times. What was the firm's sales to working capital ratio?

• A) 2.21 times
• B) 4.36 times
• C) 5.19 times
• D) 6.03 times

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Definitions:

Visual Acuity

The sharpness of vision, measured by the ability to discern letters or numbers at a given distance according to a fixed standard.

Proximodistal

Proximodistal describes a pattern of development in human growth where control and growth spread outward from the central axis of the body towards the extremities.

Neuron's Cell Body

The part of a neuron that contains the nucleus and most of the cell's organelles, responsible for metabolic activities.

Neurotransmitters

Biochemical compounds in the brain that facilitate the transmission of signals between neurons at synapse junctions.