Carducci Corporation Reported Net Sales of $3

question 157

Multiple Choice

Carducci Corporation reported Net Sales of $3.6 million and average Total Assets of $1.1 million. The total asset turnover is:

• A)0.31 times.
• B)3.27 times.
• C)4.30 times.
• D)2.27 times.
• E)0.77 times.

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Definitions:

Economic Decisions

The choices made by individuals, households, or organizations regarding the allocation of resources and the distribution of goods and services.

Purposeful

Refers to actions undertaken with a specific goal or intention in mind.

Spontaneous

Occurring without external cause or premeditation, often resulting from a natural inclination or impulse.

Economic Generalization

Broad statements or principles about economic behavior that apply to different contexts and situations.