Dell Had Net Sales of $35,404 Million

question 160

Multiple Choice

Dell had net sales of $35,404 million.Its average total assets for the period were $14,502 million.Dell's total asset turnover is equal to:

• A)0.40
• B)0.35
• C)1.45
• D)2.44
• E)3.50

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Definitions:

Inferior Good

An inferior good is a type of product whose demand decreases as the income of the consumer increases, in contrast to normal goods.

Income Elasticity

Measures how the demand for a product or service changes in response to changes in consumer income.

Positive Elasticity

Occurs when the demand for a product increases as the price increases, indicating a direct relationship between price and demand.