Table 3.1 Information (2013 Values)

question 121

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.
-Total assets for CEE in 2013 were ________. (See Table 3.1)

• A) $ 45,895
• B) $124,300
• C) $ 58,603
• D) $ 97,345

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Definitions:

Immersed

Engrossed or deeply involved in a particular activity or environment.

Nonjudgmental Attitude

An approach characterized by acceptance and openness, refraining from forming harsh judgments or criticisms about others.

Cultural Competence

The ability to understand, appreciate, and interact with people from cultures or belief systems different from one's own.

Cultural Practices

The shared traditions, rituals, and behaviors that are characteristic of a particular society, community, or group.