Selected Current Year Company Information Follows The Total Asset Turnover Is:
A) 2

question 163

Multiple Choice

Selected current year company information follows: $\begin{array}{lr}\text { Net income}&\$15,953\\\text {Net sales }&712,855\\\text { Total liabilities, beginning-year}&83,932\\\text {Total liabilities, end-of-year }&103,201\\\text {Total stockholders' equity, beginning-year }&198,935\\\text {Total stockholders' equity, end-of-year }&121,851\\\end{array}$
The total asset turnover is:

• A) 2.24 times
• B) 2.81 times
• C) 3.64 times
• D) 4.67 times
• E) 6.28 times

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Definitions:

Data-Entry Clerk

A data-entry clerk is a professional responsible for entering and updating information into computer systems, often requiring attention to detail and proficiency in typing and software.

Part-Time

Employment with fewer hours per week compared to full-time positions, often offering greater flexibility but with fewer benefits.

Beanpole Family

A beanpole family is characterized by a structure that is long and thin, with few siblings in each generation but with a significant number of living generations, such as grandparents, parents, and children.

Surviving Generations

Refers to the members of a family or community that continue to live or exist through various challenges or changes over time.