Rent-A-Center Selected Data from the Financial Statements Are Provided Below

question 25

Multiple Choice

Rent-a-Center Selected data from the financial statements are provided below:
$\begin{array}{lll}& \underline { 2015 }& \underline { 2014 }\\\text { Current Assets } & \$ 12,000 & \$ 6,000 \\\text { Long-T eim Assets } &14,000 & 8,000 \\\text { Current Liabilities } &4,000 & 6,000 \\\text { Long-T em Liablities } &14,000 & 0 \\\text {Stockholder's' Equity } &8,000 & 8,000 \\\text { Net Sales } &19,000 & 18,200 \\\text { Net Income } &2,000 & 1.000\end{array}$

-Refer to Rent-a-Center.What is the company's asset turnover ratio for 2015?

• A)0.73
• B)0.95
• C)1.3
• D)2.4

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Definitions:

Relative Luminance

The brightness of a color relative to a standard, often used in digital design and accessibility.

Perceptual Constancy

The brain's ability to recognize that objects are unchanging (in shape, size, brightness, or color) despite shifts in environment or perspective.

Illumination

The provision of light, enabling visibility in an environment, or the state of being lit with light.

Blindsight

A phenomenon in which individuals with damage to their primary visual cortex are capable of responding to visual stimuli that they do not consciously see.