A Total Asset Turnover Ratio of 3

question 217

Multiple Choice

A total asset turnover ratio of 3.5 indicates that:

• A) For every $1 in sales,the firm acquired $3.50 in assets during the year.
• B) For every $1 in assets,the firm produced $3.50 in net sales during the year.
• C) For every $1 in assets,the firm earned gross profit of $3.50 during the year.
• D) For every $1 in assets,the firm earned $3.50 in earnings per share.
• E) For every $1 in assets,the firm paid $3.50 in dividends per sharE.

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Definitions:

Oedipus Complex

A theory in psychoanalytic psychology that describes a child's feelings of desire for the opposite-sex parent and jealousy towards the same-sex parent.

Cardinal Trait

A personality attribute that dominates and shapes an individual's behavior in most situations.

Central

Principal or highly important; this term can relate to main functions, locations, or processes within various fields.

Tertiary

Pertaining to the third order, stage, level, or degree in a sequence.