A Company Had Average Total Assets of $887,000

question 65

Multiple Choice

A company had average total assets of $887,000.Its gross sales were $1,090,000 and its net sales were $1,000,000.The company's total asset turnover equals:

• A)0.81.
• B)0.89.
• C)1.09.
• D)1.13.
• E)1.23.

---

Definitions:

Dominant Strategy

An action in game theory that yields the best outcome for a player, regardless of what the other players do.

Low Price

A cost that is relatively small or lower than average.

Payoff Matrix

A table that shows the potential outcomes of different decisions made by players in a strategic game, taking into account each player's choices and strategies.

Joint Profits

The combined earnings or benefits accrued by two or more parties collaborating on a project or business venture.