Use the Information Below to Answer the Following Question(s)

question 19

Multiple Choice

Use the information below to answer the following question(s) :
The following data relates to the Miracle Corporation and its Toy Division.

-What is the Toy Division's asset turnover?

• A) 3.3
• B) 4.0
• C) 4.2
• D) 16.7

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Definitions:

Long-Term Investments

Assets that a company intends to hold for more than one year, such as stocks, bonds, or real estate.

Statement of Cash Flows

A financial report detailing the impact of variations in balance sheet accounts and income on cash and cash equivalents.

Direct Method

An accounting method used in the cash flow statement to show the specific sources of operating cash receipts and payments, contrasting with the indirect method.

Investing Activities

Transactions involving the purchase and sale of long-term assets and investments, a component of a company's cash flow statement.