Use the Following Data to Answer the Questions::
Wren Corp $\quad 58,200$

question 35

Multiple Choice

Use the following data to answer the questions::
Wren Corp. reported the following data on its most recent financial statements:
Net revenues:.............................$312,500
Net income................................. $\quad 58,200$
Total assets, Jan 1....................... $\quad 174,280$
Total assets, Dec $31$ ..................... 168,420
-To two decimals, what is Wren Corp.'s asset turnover ratio?

• A) 1.82
• B) 1.79
• C) 0.35
• D) 0.34

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Definitions:

Inflation

The speed at which prices for various goods and services climb, reducing the buying capacity gradually.

Decades

Periods of ten years, often used to discuss and analyze historical trends and changes over time.

Misery Index

An economic indicator created by adding the unemployment rate to the inflation rate, intending to measure the health of a country's economy.

Year

A period of time consisting of 12 months or 365 days, used as a basic unit of time to calculate longer or shorter periods.