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:

Practical Utility

Refers to the usefulness or applicability of something in real-world situations, often considering efficiency and cost-effectiveness.

Case Study

A research method involving an in-depth, detailed examination of a subject or its context.

Ideographic Approach

A method focusing on understanding the unique aspects of individual cases or entities, rather than generalizing from group data.

Abnormal Behaviour

Actions or reactions that deviate significantly from what is considered normal or expected within a society or cultural context.