Table 3.1 Information (2010 Values)

question 186

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.
-Inventory for CEE in 2010 was ________. (See Table 3.1)

• A) $36,667
• B) $32,448
• C) $27,500
• D) $ 9,167

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Definitions:

Vicarious Reinforcement

Learning that occurs by observing the consequences of others' actions, leading to changes in the observer's behavior.

Learn Through Example

The process of acquiring behaviors, skills, or knowledge by observing and imitating others, a fundamental mechanism of social learning.

Bandura

A psychologist known for his work on social learning theory and the concept of self-efficacy.

Dispositional Traits

Enduring personal characteristics that influence behavior, thoughts, and emotions, consistent across different situations.