The Balance Sheet of Computer World Reports Total Assets of $350,000

question 18

Multiple Choice

The balance sheet of Computer World reports total assets of $350,000 and $450,000 at the beginning and end of the year,respectively.Sales revenues are $800,000,net income is $100,000,and net cash flows from operating activities are $150,000.What is Computer World's asset turnover?

• A) 2.0 times.
• B) 2.3 times.
• C) 0.5 times.
• D) 1.8 times.

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Definitions:

Apraxia

A motor disorder caused by damage to the brain, resulting in difficulty with executing voluntary movements despite having the desire and physical ability to perform them.

Memory Impairment

A decline in the ability to remember information, which can occur due to various causes such as aging, neurological conditions, or injuries.

Compulsive Disorder

A mental disorder characterized by repetitive, unwanted thoughts (obsessions) and behaviors (compulsions) that the individual feels the urge to perform.

Clanging

A pattern of speech where words are chosen based on their sound rather than their meaning, often observed in psychiatric conditions.