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:

CT Scan

An imaging procedure that uses computer-processed combinations of many X-ray measurements taken from different angles to produce cross-sectional images of specific areas of a scanned object, allowing the user to see inside the object without cutting.

Multiple Infarcts

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Hypertension

A chronic medical condition in which the blood pressure in the arteries is persistently elevated.

SSRI Medications

Drugs categorized as selective serotonin reuptake inhibitors, used primarily to treat depression and anxiety by increasing serotonin levels in the brain.