A Company Had Average Total Assets of $897,000

question 204

Multiple Choice

A company had average total assets of $897,000.Its gross sales were $1,090,000 and its net sales were $1,000,000.The company's total asset turnover is equal to:

• A)0.82
• B)0.90
• C)1.09
• D)1.11
• E)1.26

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Definitions:

Employment Relations

The study and practice concerning the management and regulation of work relationships, including aspects of bargaining, rights, and obligations of employers and employees.

Self-Employed People

Individuals who work for themselves rather than being employed by an organization, often running their own businesses or freelancing.

Employers

Individuals or organizations that hire and pay others for their services or labor, often within a formal contractual relationship.