Table 3.1 Information (2013 Values)

question 112

Multiple Choice

Table 3.1 Information (2013 values)
1. Sales totaled $110,000
2. The gross profit margin was 25 percent.
3. Inventory turnover was 3.0.
4. There are 360 days in the year.
5. The average collection period was 65 days.
6. The current ratio was 2.40.
7. The total asset turnover was 1.13.
8. The debt ratio was 53.8 percent.
-Net fixed assets for CEE in 2013 were ________. (See Table 3.1)

• A) $45,484
• B) $48,975
• C) $54,511
• D) $69,341

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Definitions:

Internal Locus

A psychological concept where an individual believes they have control over the events in their life, as opposed to external forces.

Control Orientation

involves a focus on regulating behaviors or processes to conform to standards or objectives, often through oversight and enforcement mechanisms.

Curvilinear Relationship

A type of relationship between two variables where the change in one variable is not constant with respect to the change in the other variable, often depicted as a curved line on a graph.

Moderate Amount

A quantity or level that is considered to be within a reasonable or acceptable range.