Calculate Assets Turnover for a Car Manufacturing Company from the Following

question 44

Multiple Choice

Calculate assets turnover for a car manufacturing company from the following information: Sales = $600,000
Land and building = $110,000
Cash at bank = $50,000
Inventories = $40,000

• A) 2 times
• B) 3 times
• C) 5 times
• D) 4 times
• E) 6 times

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Definitions:

Portfolio Analysis

A tool used by businesses and investors to assess the performance of their product mix or investments and make decisions about where to allocate resources.

Marketing Initiatives

Marketing initiatives are strategic actions taken by businesses to promote their products or services, aiming to increase brand awareness and drive sales.

Marketing Organization

An organized group of individuals working together to plan, execute, and monitor marketing strategies and activities to reach desired consumer segments.

Marketing Tactics

Specific actions, techniques, or strategies used to achieve marketing goals, such as promotions, advertising campaigns, and social media engagement, tailored to target audiences.