Asset turnover
A. is calculated from information found on a firm's income statement.
B. reveals how profitable a company is.
C. is net sales divided by total assets.
D. is calculated by dividing total assets by net sales.
E. is another term for inventory turnover.
Answer: E
You might also like to view...
A petty cash custodian should always:
A) maintain supporting documentation for any payment made from the petty cash fund. B) record petty cash expenditures in the company's accounting records. C) prepare the bank reconciliation for the petty cash account. D) sign the checks for items paid from the petty cash fund.
Which of the following is not an advantage of after-tax income as a performance measure?
A. It is financial income computed differently from the income of the firm. B. It reflects the results of decisions under the division manager's control. C. It makes comparison of divisions easy because they use the same measure, dollars of income. D. It summarizes the results of decisions affecting revenues and costs.
The setup cost to make carpets is $20 per setup. The holding cost is $1.75 per yard per year, and the annual demand is 12,000 yards of carpet per year. The manufacturing facility operates 300 days, and 120 yards of the carpet are produced per day. In this example, ______.
A. the daily demand rate is 12,000/365 B. the daily demand rate is 12,000/300 C. the daily production rate is 12,000/300 D. the daily production rate is 12,000/300
Eleanor, a scientist at Medivac Inc., is developing a prototype for a new vaccine. She is taking a step back from her work to give her ideas some time to mature and develop in her mind. Eleanor is in the _____ stage of the creative process.
A. preparation B. verification C. insight D. incubation E. cognitive dissonance