A total asset turnover measure of 1.03 means that a firm has $1.03 in:
A. total assets for every $1 in cash.
B. total assets for every $1 in total debt.
C. total assets for every $1 in equity.
D. sales for every $1 in total assets.
E. long-term assets for every $1 in short-term assets.
Ans: D. sales for every $1 in total assets.
You might also like to view...
A liquidated damages clause will be enforced by the court if at the time the contract is
made the amount is a genuine pre-estimate of the damages that a Court would award. Indicate whether the statement is true or false
A drawee bank is primarily liable after it accepts the check
Indicate whether the statement is true or false
________ is a voice system that enables users to request and receive information and to enter and change data through a telephone to a computerized system
Fill in the blank(s) with correct word
When presenting you should be aware the audience is following each movement you make. Which of the following movements should you practice during your presentation so you can be sure they will be focusing their attention on you?
a. Stand securely with legs slightly apart, back straight, and body relaxed facing the audience. b. Keep your arm and hand gestures under control. c. Make planned position changes. d. All of the above.