On January 1,2017 Hilldale Company Had Total Assets of $365,000

question 145

Multiple Choice

On January 1,2017 Hilldale Company had total assets of $365,000.During the year,the company purchased new machinery worth $83,000 and promised to pay the amount due after two years.Throughout the year,it earned revenue of $60,000 every month.Calculate the asset turnover ratio.

• A) 1.01 times
• B) 1.81 times
• C) 1.77 times
• D) 1.61 times

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Definitions:

Random Assignment

A technique for assigning individuals to different groups in an experiment using randomization, to ensure that every participant has an equal chance of being placed in any group.

Cause-effect Inferences

Logical deductions that suggest a relationship where one event (the cause) leads to the occurrence of another event (the effect).

External Validity

The extent to which research findings can be generalized to settings or groups outside the study.

Confounding Variables

External factors that can influence both the dependent and independent variables, potentially biasing the results of a study.