Vivian Company Has the Following Data Available What Is the Total Asset Turnover for Vivian Company in l

question 119

Multiple Choice

Vivian Company has the following data available: $\begin{array} { l l l l } & \underline { 2 \times 13 } & \underline { 2 \times 12 } & \underline { 2 \times 11 } \\\text { Total Current Assets } & \$ 338 & \$ 182 & \$ 150 \\\text { Totnl Long-term Assets } & \$ 468 & \$ 508 & \$ 400\\\text { Total Stockholders' Equity } & \$ 467& \$ 389& \$ 300\\\end{array}$ $\begin{array}{lll}\text { Sales } &&\$930& \$ 700 & \$ 600 \\\text { Less Cost of Goods Sold } && \underline{410} & \underline{235} & \underline{300} \\\text { Gross Profit } && \$ 520 & \$ 465&\$300\end{array}$
What is the total asset turnover for Vivian Company in 2X13? Has the total asset turnover improved or not improved since 2X12?

• A)1.2,improved
• B)1.2,not improved
• C)1.5,improved
• D)1.6,improved
• E)1.6,not improved

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Definitions:

Tariff Rates

Import duties, also known as tariff rates, are financial charges applied to imported goods, influencing trade and economic policies.

Income Taxes

Taxes levied by governments on individuals' or entities' income, varying according to income levels and sources.

Wobblies

Nickname for members of the Industrial Workers of the World (IWW), a labor union founded in 1905 in the United States advocating for worker unity and rights.

Radical Labor Activists

Individuals or groups that advocate for significant changes in labor conditions and rights, often through aggressive or revolutionary means.