$\text { Harstin Corporation has provided the following data for the past year: }$

question 167

Multiple Choice

$\text { Harstin Corporation has provided the following data for the past year: }$
$\begin{array}{|l|r|}\hline \text { Sales } & \$ 625,000 \\\hline \text { Gross Margin } & \$ 70,000 \\\hline \text { Operating Income } & \$ 50,000 \\\hline \text { Shareholders' Equity } & \$ 90,000 \\\hline \text { Average Operating Assets } & \$ 250,000 \\\hline \text { Residual Income } & \$ 20,000\\\hline\end{array}$
-What was the turnover for the past year?

• A) 1.40.
• B) 2.50.
• C) 2.98.
• D) 6.94.

---

Definitions:

Competitive Breadwinner

An individual who strives to be the primary or sole financial provider for their family, often driven by societal expectations or personal ambition.

Trailing Spouse

A person who relocates to support their partner's career or educational pursuits, often facing challenges in employment and social integration.

Dual-Career Spouse

A situation where both spouses or partners have careers and work outside the home, often leading to challenges in balancing work and family life.

Stay-at-Home Dads

Fathers who choose to stay home to care for their family and manage household duties instead of working outside the home.