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

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Definitions:

Subordination

The process or condition of being lower in rank, status, or authority.

Psychopathology

The investigation of mental health conditions, focusing on their manifestations, origins, and remedies through a scientific lens.

Constructs

Abstract concepts or theoretical entities that are foundational to theories and are used to explain behaviors or phenomena.

Distress

A negative state of emotional strain or suffering often caused by stress or anxiety.