Table 3.1 Information (2010 Values)

question 127

Multiple Choice

Table 3.1 Information (2010 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.
-Notes payable for CEE in 2010 was ________. (See Table 3.1)

• A) $113,466
• B) $ 52,372
• C) $ 41,372
• D) $ 10,609

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Definitions:

Expected Returns

The probable gains or losses on an investment over a specific period based on historical performance or analyst forecasts.

Economy

The system of production, distribution, and consumption of goods and services within a particular geographic region.

Portfolio

A portfolio containing various financial instruments such as stocks, bonds, commodities, plus cash and cash equivalents, in addition to closed-end funds and ETFs.

Standard Deviation

A statistic that measures the dispersion or variability of a dataset relative to its mean, commonly used to quantify the amount of variation.