The Balance Sheet of Tech Track Reports Total Assets of $400,000

question 108

Multiple Choice

The balance sheet of Tech Track reports total assets of $400,000 and $500,000 at the beginning and end of the year,respectively.Sales revenues are $1,080,000($800,000 in the previous year) ,net income is $40,000,and net cash flows from operating activities are $50,000.How does Tech Track's asset turnover compare to the industry average of 2.4 times?

• A)Better.
• B)Worse.
• C)Same as.

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Definitions:

Sodium

A chemical element, represented by the symbol Na, that plays critical roles in the body, including maintaining fluid balance and conducting nerve impulses.

Synaptic Cleft

The tiny gap between neurons at a synapse, through which neurotransmitters are released to transmit signals from one neuron to another.

Dendrites

The branched extensions of a neuron that receive signals from other neurons or sensory stimuli and transmit them toward the cell body.

Axon

An extended, slim part of a nerve cell, also known as a neuron, that usually carries electrical currents away from the main cell body of the neuron.