Exhibit 19-1
USE THE FOLLOWING INFORMATION FOR THE NEXT PROBLEM(S)

question 51

Multiple Choice

Exhibit 19-1
USE THE FOLLOWING INFORMATION FOR THE NEXT PROBLEM(S) $\begin{array}{c} \text { BMC CORPORATION INCOME STATEMENT } \\ \text {FISCAL YEAR ENDING 12/31/2009 } \\ \text { (DOLLARS IN THOUSANDS') } \\\begin{array}{lr}\text { Net Sales } &\quad\quad\quad\quad\quad\quad\quad \$ 1025 \\\text { Cost of Goods Sold } & \underline {682 }\\ \text { Gross Profit Margin } & 343 \\\text { Depreciation } & 31 \\\text { Operating Expense } & 103 \\\text { Administrative Expense } & \underline {127} \\\text { Operating Profit } & 82\\\text { Interest }\\ \text {Profit Before Taxes}&\frac{27}{55} \\ \text { Taxes } \\ \text {Net Income }&\$\frac{17}{38} \\\end{array}\end{array}$ $\begin{array}{c} \text { BMC CORPORATION BALANCE SHEET } \\ \text { FISCAL YEAR ENDING 12/31/2009 } \\ \text { (DOLLARS IN THOUSANDS) } \\\begin{array}{lll}\text { ASSETS }\\\hline\text { Cash } & \$ 61 \\\text { Accounts receivables } & 286 \\\text { Inventory } & \underline { 354} \\\text { Total current assets } & 701 \\\text { Net fixed assets } & \underline { 802} \\\\\\\\\\\text { Total assets }& \$ 1503\\\end{array}\begin{array}{lll}\text { LIABILITIES }\\\hline\text { Notes payable } & \$ 223 \\\text { Accounts payable } & 152 \\\text { Accruals } & \underline { 32} \\ \text { Total current liabilities } & 407 \\\text { Long term debt } & 306 \\\text { Common stock ( } \$ 1.50 \text { par) } & 102 \\\text { Paid in surplus } & 226 \\\text { Retained earnings } & \underline { 462} \\\text { Total liabilities and } & \\\quad \text { Stockholders' equity } & \$ 1503\end{array}\end{array}$
-Refer to Exhibit 19-1. What was BMC's fixed asset turnover ratio?

• A) 0.680
• B) 0.780
• C) 1.278
• D) 1.874
• E) 8.220

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Definitions:

Behaviourally Inhibited

Describes individuals who demonstrate a consistent pattern of shyness, fearfulness, and withdrawal from unfamiliar people, situations, or environments.

Temperamentally Bold

Refers to individuals who show a natural tendency to be fearless, adventurous, and confident in unfamiliar situations.

ADHD

A neurodevelopmental disorder characterized by patterns of inattention, hyperactivity, and impulsivity, affecting daily functioning or development.

Prevalence

The proportion of a population found to be affected by a particular disease, condition, or characteristic at a specific time.