The Balance Sheet of Tech Track Reports Total Assets of $400,000

question 65

Multiple Choice

The balance sheet of Tech Track reports total assets of $400,000 and $500,000 at the beginning and end of the year,respectively.Sales revenues are $1.1 million ($0.8 million in the previous year) ,net income is $40,000,and net cash flows from operating activities are $50,000.How does Tech Track's asset turnover compare to the industry average of 2.4 times?

• A)Better.
• B)Worse.
• C)Same as.
• D)Cannot be determined with the data provideD.

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Definitions:

Temperature

A measure of the warmth or coldness of an environment or body, often indicative of the energy present in the system.

Planet's Interior

The internal composition and structure of a planet, including its core, mantle, and crust.

Molecular Evidence

Refers to data derived from DNA, RNA, and protein sequences that is used to support hypotheses about the evolutionary relationships between organisms.

Biomarkers

Biological molecules found in blood, other body fluids, or tissues that are a sign of a normal or abnormal process, or of a condition or disease.