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:

Organized Labor

Constitutes labor unions and labor organizations that aim to improve workers' conditions, wages, and rights through collective action and negotiation.

NLRA

The National Labor Relations Act, a foundational statute in United States labor law that protects the rights of employees to organize and bargain collectively.

Deregulating NLRA

The process of reducing or removing government regulations within the National Labor Relations Act, aimed at fostering more flexibility in employer-employee relations.

Collective Representation

A process by which a group acts together to promote its members' interests, often in negotiations with employers.