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:

Centenarians

Individuals who have reached the age of 100 years or older.

Cognitive Decline

Gradual loss of cognitive functions such as memory, attention, and the ability to learn new information.

Huntington's Disease

A hereditary neurodegenerative disorder characterized by movement, cognitive, and psychiatric disturbances.

Alzheimer's Disease

A progressive neurodegenerative disorder characterized by memory loss, cognitive impairment, and functional decline.