Acme Company Has a Total Asset Turnover of 1

question 15

Multiple Choice

Acme Company has a total asset turnover of 1.25 for the current period.What are net sales given that average total assets are $40,000?

• A)Net sales cannot be computed from the given information
• B)$50,000
• C)$32,000
• D)$1.25 million
• E)$90,000

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Definitions:

Retina

The light-sensitive layer at the back of the eye that contains cells which convert light into electrical signals sent to the brain.

Beta Waves

A pattern of brain waves that are associated with active, alert thought and a focused state of mind.

Delta Waves

Slow and high amplitude brainwaves that are typically associated with deep sleep and aid in the body's healing process and rejuvenation.

Alpha Waves

A type of brainwave that is associated with relaxed, calm, and wakeful states, typically with closed eyes.