Table 3.1 Information (2010 Values)

question 36

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.
-Total assets for CEE in 2010 were ________. (See Table 3.1)

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

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Definitions:

Local Costs

Expenses that are incurred within a specific geographic location, often referring to the cost of operations, labor, and materials.

Garbage Collection

The process of removing waste materials from homes, businesses, and public areas to ensure cleanliness, health, and environmental protection.

Refuse Collected

The activity of gathering waste materials for disposal or recycling.

Greenhouse Gas Abatement

Actions or strategies aimed at reducing the emissions of greenhouse gases to mitigate climate change.