Jasper United Had Sales of $21,000 in 2011 and $24,000

question 39

Multiple Choice

Jasper United had sales of $21,000 in 2011 and $24,000 in 2012.The firm's current accounts remained constant.Given this information,which one of the following statements must be true?

• A)The total asset turnover rate increased.
• B)The days' sales in receivables increased.
• C)The net working capital turnover rate increased.
• D)The fixed asset turnover decreased.
• E)The receivables turnover rate decreased.

---

Definitions:

Caravaggio

An Italian painter known for his dramatic use of light and shadow, and his realistic depiction of the human state, both physical and emotional.

Spain

A country in southwestern Europe, located on the Iberian Peninsula, known for its rich history, diverse culture, and significant contributions to art, architecture, and global exploration.

Italian Baroque

An artistic style of the late 16th to the early 18th centuries in Italy characterized by dramatic use of light, bold ornamentation, and intense emotion.

Jesuit Order

A Catholic religious order founded in 1540 by Ignatius of Loyola, known for its educational, missionary, and charitable works worldwide.