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:

The Law

A system of rules that are created and enforced through social or governmental institutions to regulate behavior.

Social Relationships

Connections or associations between two or more individuals, characterized by a level of emotional, social, or professional interaction.

Postconventional Moral Reasoning

A level of moral reasoning that recognizes the complexity of ethical decision-making and values principles above conformity to societal norms.

Individual Rights

Fundamental entitlements and freedoms guaranteed to every person, typically upheld by law.