Redribbon Gallery reported the following assets on its December 31,2015 balance sheet:
If the net sales for the year amounted to $850,000,what is the asset turnover ratio for 2015?
Definitions:
Bicarbonate Ions
Ions that act as a buffer in bodily fluids to maintain pH balance and are involved in the carbon dioxide transport and delivery system.
Carbonic Acid
A weak acid formed in solution when carbon dioxide is dissolved in water, playing a significant role in the carbon cycle and respiratory gas exchange.
Hypercapnia
Higher than normal levels of carbon dioxide in the blood or tissues.
Acidic
A term describing a substance with a pH less than 7, which is characteristic of having a higher concentration of hydrogen ions.
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