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question 33

Multiple Choice

[The following information applies to the questions displayed below.]
The following information regarding Brookes,Inc.is available:

-What is the capital turnover for Brookes,Inc.? (Round your percentage answer to the nearest whole number. )

• A)38%
• B)54%
• C)70%
• D)86%

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Definitions:

Provided

Refers to the information or items that have been supplied or made available.

Accrual Basis

An accounting method where revenues are recorded when earned and expenses are recorded when incurred, regardless of when cash is exchanged.

Cash Received

Money that a business or individual has taken in, whether from transactions, investments, or other sources.

Matching Concept

A fundamental principle in accounting that ensures expenses are matched with the revenues they generate in the same period.