Deflorio Corporation's Inventory at the End of Year 2 Was

question 161

Multiple Choice

Deflorio Corporation's inventory at the end of Year 2 was $156,000 and its inventory at the end of Year 1 was $140,000. The company's total assets at the end of Year 2 were $1,416,000 and its total assets at the end of Year 1 were $1,390,000. Sales amounted to $1,320,000 in Year 2. The company's total asset turnover for Year 2 is closest to:

• A) 0.94
• B) 1.06
• C) 5.38
• D) 0.19

---

Definitions:

Cognitive Model

A theoretical construct that represents how cognitive processes work to help us understand and predict behavior.

Maladaptive Behavior

Actions or tendencies that are counterproductive to oneself or others, often negatively impacting functioning and well-being.

Irrational Beliefs

Thoughts or ideas that are not based on reality or logical reasoning, often leading to negative emotions.

Fugue

A psychiatric disorder characterized by reversible amnesia for personal identity, including the memories, personality, and other identifying characteristics of individuality.