The Balance Sheet of Sound Designs Reports Total Assets of $750,000

question 100

Multiple Choice

The balance sheet of Sound Designs reports total assets of $750,000 and $800,000 at the beginning and end of the year,respectively.Sales revenues are $1.5 million ($1.2 million in the previous year) ,net income is $150,000,and net cash flows from operating activities are $175,000.What is Sound Designs' asset turnover?

• A)2.0 times.
• B)1.7 times.
• C)0.5 times.
• D)1.9 times.

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Definitions:

Placenta

This is an organ generated in the uterus while a woman is pregnant, facilitating the transfer of oxygen and nutrients to the fetus and the removal of waste substances from the fetal blood.

Fetal Alcohol Effect

A condition resulting from alcohol exposure during the mother's pregnancy, causing brain damage and growth problems in the child.

Diethylstilbestrol

A synthetic estrogen that was formerly prescribed to prevent miscarriages and other pregnancy complications before its connection to serious health risks in offspring was discovered.

Teratogens

Substances or elements that lead to fetal or embryonic developmental issues or congenital anomalies.