Table 3.1 Information (2013 Values)

question 177

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.
-Accounts receivable for CEE in 2013 was ________. (See Table 3.1)

• A) $14,056
• B) $19,861
• C) $14,895
• D) $18,333

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Definitions:

Behavior

Behavior refers to the actions or reactions of an organism or system, usually in response to the environment, which can be observable or measurable.

Funder

A term often referring to an individual or organization that provides financial resources for projects or research.

Situations

External environments or contexts in which an individual finds themselves, which can influence behavior and decision-making processes.

Absolute Consistency

The unwavering adherence to the same principles, measures, or methods across different situations or over time.