Wireless Communications Has a Total Asset Turnover of 2

question 8

Multiple Choice

Wireless Communications has a total asset turnover of 2.66, total liabilities of $1,004,162, and sales revenues of $7,025,000. What is Wireless's debt ratio?

• A) 38.0%
• B) 14.3%
• C) 26.7%
• D) 81.1%

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Definitions:

Masseter

A facial muscle that plays a major role in the chewing of solid foods.

Splenius Capitus

A muscle located in the back of the neck, responsible for head rotation and extension.

Zygomaticus Major

The zygomaticus major is a facial muscle that extends from the zygomatic bone to the corners of the mouth, primarily involved in smiling.

Orbicularis Oculi

A circular muscle that surrounds the eye, responsible for closing the eyelids and contributing to facial expressions such as blinking and winking.