Spears CoHad Net Sales of $35,400 Million

question 48

Multiple Choice

Spears Co.had net sales of $35,400 million.Its average total assets for the period were $14,700 million.Spears' total asset turnover equals:

• A)0.42.
• B)0.35.
• C)1.48.
• D)2.41.
• E)3.54.

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Definitions:

Economic Activity

Activities related to the manufacturing, disseminating, and utilizing products and services in an economic system.

Fluctuations

Fluctuations refer to variations or changes in a condition, value, or level of economic variables over time.

Inflation

The escalation speed in general price levels of goods and services, ultimately leading to diminished power for making purchases.

Unemployment

The situation where individuals who are capable of working and are actively seeking work cannot find employment.