question 52
Multiple Choice
Scenario: Pettijohn Inc.The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $ ) Assets Cash and securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Notes payable Accruals Total current liabilities Long-term bonds Total debt Common stock Retained earnings Total common equity Total liabilities and equity 2007$1,554.09,660.013,440.0$24,654.017,346.0$42,000.0$7,980.05,880.04,620.0$18,480.010,920.0$29,400.03,360.09,240.0$12,600.0$42,000.0 Income Statement (Millions of $ ) Net sales Operating costs except depr’n Depreciation Earnings before interest and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes Net income Other data: Shares outstanding (millions) Common dividends Interest rate on notes payable & L-T bonds Federal plus state income tax rate Year-end stock price 2007$58,800.00$54,978.0$1,029.0$2,793.01,050.0$1,743.0$610.1$1,133.0175.00$509.836.25%35%$77.69
-Refer to Scenario: Pettijohn Inc.What is the firm's total assets turnover?
Definitions:
ACTH
or Adrenocorticotropic hormone is a hormone produced in the pituitary gland that stimulates the production of cortisol in the adrenal gland.
Adrenal Cortex Secretions
Hormones produced by the outer layer of the adrenal gland, including cortisol and aldosterone, which regulate metabolism, blood pressure, and stress responses.
Parathyroid Hormone
A hormone produced and released by the parathyroid glands, crucial for regulating serum calcium and phosphate levels.
Thyroid
A gland in the neck that produces hormones regulating metabolism, energy generation, and growth.