Table 3.1 Information (2019 Values)

question 201

Multiple Choice

Table 3.1 Information (2019 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 2019 was ________.(See Table 3.1)

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

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Definitions:

Global Business Units

Specialized business segments within a multinational company, designed to address global markets and manage international operations.

Category Managers

Professionals responsible for managing a specific category of products in a retail or wholesale setting, focusing on pricing, product assortment, and promotions.

Standardized Worldwide Pricing

A pricing strategy where a company charges the same price for its products or services across different countries, not accounting for local market conditions or costs.

Staff Positions

Roles within an organization that are primarily focused on support functions, advising management rather than being involved directly in operational activities.