Table 3.1 Information (2010 Values)

question 16

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

• A) $14,056
• B) $19,861
• C) $14,895
• D) $18,333

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Definitions:

Human Population

The total number of humans currently living on Earth, often examined in terms of growth rates, distribution, and density.

Exponential Rates

Growth rates that increase rapidly over time in a proportional manner to the current value, often seen in populations or inflation.

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The process of innovation and improvement in tools, machines, techniques, and methods of operation, enhancing efficiency and efficacy.

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A large, bear-like, endangered mammal native to China, known for its distinctive black and white coloring and diet primarily of bamboo.