In Early 1996, the Upper Midwest Suffered Record Cold, with Wind

question 167

Multiple Choice

In early 1996, the upper Midwest suffered record cold, with wind chills of fifty degrees below zero or worse.Yet, grocery stores stocked fresh citrus fruit (obviously not grown locally) .Why did grocers stock the fruit?

• A)the desire for profit 
• B)concern for their neighbors 
• C)the need to dispose of excess production 
• D)government orders to distribute fruit 
• E)All of the above are correct.

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Definitions:

Tax Rate

The percentage at which an individual or corporation is taxed by the government.

EBIT

Earnings Before Interest and Taxes, a measure of a firm's profitability that includes all expenses except for interest and income tax expenses.

Sales

The transactions of selling goods or services within a specific period.

Total Asset Turnover

A financial ratio that measures the efficiency of a company's use of its assets in generating sales revenue.