Selected current year company information follows: Net income$15,953 Net sales 712,855 Total liabilities, beginning-year 83,932 Total liabilities, end-of-year 103,201 Total stockholders' equity, beginning-year 198,935 Total stockholders' equity, end-of-year 121,851 ?The total asset turnover is:
A. 3.64 times
B. 2.81 times
C. 2.24 times
D. 4.67 times
E. 6.28 times
Answer: B
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Which of the following is a criteria for a tenant being able to obtain relief from forfeiture against the landlord's action of terminating the lease for non payment of rent?
A) The tenant must pay all outstanding rent B) The tenant must pay all outstanding rent, and obtain indemnity insurance in favour of the landlord. C) The tenant must obtain a certificate of good credit rating. D) The tenant must pay all outstanding rent, and post a bond as security against future breaches of the lease. E) The tenant must enter into a new contract at increased rent with the landlord.
Only firms with P/E ratios below 50 have great growth and earnings potential not yet demonstrated in current earnings
Indicate whether the statement is true or false.
Cash balance models are an example of which category of simulation application?
a. operations models b. financial models c. marketing models d. games of chance e. none of these choices
Richard Davis, owns a butcher and grilling supply store. Richard borrows $7,500 for 150 days at 8% ordinary simple interest. What total will Richard need to repay for both interest and principal? (Use a 360-day year.)