Baker Inc Had Reported the Following Details for the Year Ended

question 46

Multiple Choice

Baker Inc. had reported the following details for the year ended December 31, 2012: The company's beginning total assets and liabilities were $14,000,000 and $8,000,000, respectively. Calculate the asset turnover ratio for 2012.

• A)1.95 times
• B)1.24 times
• C)1.44 times
• D)1.65 times

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Definitions:

Placenta

This is an organ generated in the uterus while a woman is pregnant, facilitating the transfer of oxygen and nutrients to the fetus and the removal of waste substances from the fetal blood.

Fetal Alcohol Effect

A condition resulting from alcohol exposure during the mother's pregnancy, causing brain damage and growth problems in the child.

Diethylstilbestrol

A synthetic estrogen that was formerly prescribed to prevent miscarriages and other pregnancy complications before its connection to serious health risks in offspring was discovered.

Teratogens

Substances or elements that lead to fetal or embryonic developmental issues or congenital anomalies.