Maple Company Had Net Sales of $202,550 for the Year

question 10

Multiple Choice

Maple Company had net sales of $202,550 for the year ended December 31,2017.Its beginning and ending total assets were $85,200 and $115,500,respectively.Determine Maple's asset turnover ratio for the year ended December 31,2017.(Round your answer to two decimal places.)

• A) 0.50 times
• B) 2.38 times
• C) 1.14 times
• D) 2.02 times

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Definitions:

Reinforcement Strategies

Techniques used to encourage and strengthen the desired behavior through rewards or consequences.

External Control

The regulation or influence of an individual's behavior by forces outside themselves, such as societal norms or laws.

Conditioned Stimulus

A previously neutral stimulus that, after becoming associated with an unconditioned stimulus, eventually triggers a conditioned response.

Original Stimulus

The initial factor or event that triggers a response or reaction in a behavioral, emotional, or cognitive context.