The Balance Sheet of Computer World Reports Total Assets of $350,000

question 41

Multiple Choice

The balance sheet of Computer World reports total assets of $350,000 and $450,000 at the beginning and end of the year,respectively.Sales revenues are $800,000,net income is $100,000,and net cash flows from operating activities are $150,000.What is Computer World's asset turnover?

• A)2.0 times.
• B)2.3 times.
• C)0.5 times.

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Definitions:

Repression

In psychoanalytic theory, the basic defense mechanism that banishes from consciousness anxiety-arousing thoughts, feelings, and memories.

Long-Term Memory

The aspect of memory where information is stored for an extended period, ranging from hours to a lifetime.

Retrieval Failure

Occurs when memories are not accessible from long-term storage, often due to a lack of cues or interference from other information.

Anterograde Amnesia

A condition affecting memory, where after the onset of the amnesia, the affected individual is unable to form new memories, though long-term memories from before the event remain intact.