What Is a Firm's Total Asset Turnover If Its Fixed

question 55

Multiple Choice

What is a firm's total asset turnover if its fixed assets are $120,000,current assets are $30,000,current liabilities are $44,000,sales were $200,000,and net income was $75,000?

• A) 0.5 times
• B) 2.2 times
• C) 1.3 times
• D) 2.0 times
• E) 1.7 times

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Definitions:

Indifference Curve

A graph showing different combinations of two goods that provide the same level of utility or satisfaction to a consumer.

Utility

In economics, a measure of satisfaction, usefulness or value that an individual gains from consuming goods and services.

Consumption Bundle

A combination of goods and services selected by a consumer for personal use.

T-Shirts

A basic item of clothing characterized by short sleeves, generally made of cotton, and lacking a collar.