Table 3.1 Information (2019 Values)

question 142

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.
-Long-term debt for CEE in 2019 was ________.(See Table 3.1)

• A)$30,763
• B)$52,372
• C)$10,608
• D)$41,372

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Definitions:

Employees

Individuals who are hired to perform specific duties in exchange for compensation under the direction and control of an employer.

Ethical

Pertaining to or dealing with morals, principles of morality, or the rules of conduct that govern the behavior of individuals and organizations.

Unethical

Actions or behaviors that do not meet the accepted standards of moral conduct.

Business Practice

Standard methods or processes used in the running of a company or in conducting commercial activities.