Assume That a Particular Firm Has a Total Asset Turnover

question 117

Multiple Choice

Assume that a particular firm has a total asset turnover ratio lower than the industry norm.In addition, this firm's current ratio and fixed asset turnover ratio also meet industry standards.Based on this information, we can conclude that this firm must have excessive [blank].

• A)current liabilities
• B)fixed assets
• C)long-term debt
• D)current assets

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Definitions:

Exploitation Under Capitalism

The process by which the capitalist system utilizes the labor of individuals, often paying them less than the value of their work, to generate profit for capitalists or business owners.

Structural-Level Explanation

An explanation focusing on the overarching structures within a society (such as institutions, norms, and systems) that shape individual and group behavior.

Racist And Sexist Discrimination

Prejudice or discrimination based on race or sex, where individuals are treated unfairly or oppressed due to their racial background or gender.

Reserve

In economic terms, it refers to the backup resources or capacity that can be drawn upon when needed; in natural resources, it pertains to quantities of a resource known to exist and be economically recoverable.