A Company Had Average Total Assets of $887,000

question 120

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

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Definitions:

Bugchaser

An individual who purposely seeks to get infected with sexually transmitted diseases, particularly HIV, for various psychological reasons.

Nonstaining

Describing materials or substances that do not leave stains or marks on surfaces they come into contact with.

Nontoxic

Substances or materials that do not pose any risk of poisoning or harm to humans, animals, or the environment.

Compatibility

The extent to which two or more things are able to exist or perform together in combination without conflict or inconsistency.