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:

Consumer Protectionism

Policies and measures designed to protect the rights and welfare of consumers by ensuring fair trade and accurate information in the marketplace.

Government Entities

Organizations or agencies that are part of the state or federal government and are responsible for administering specific functions.

Consumers

Individuals or groups that purchase or have the potential to purchase goods and services for personal use.

Eco-efficiency

An approach that focuses on reducing ecological impact while maximizing resource efficiency and productivity.