The Eastern Division of Kentucky Company has a rate of return on investment of 28% and a profit margin of 20%. What is the investment turnover?
A) 3.6
B) 1.4
C) 5.0
D) .7
B
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In business presentations, the backchannel is
A) the "notes" portion of an electronic slide, which only the presenter can see. B) subtle, nonverbal cues the presenter sends during the presentation. C) electronic communication among audience members during the presentation. D) password-protected slides that only certain audience members can see. E) an impromptu speech designed to take control of a presentation.
An earlier classification system grouped organisms by whether they inhabited the air, land, or sea. More modern classification systems such as the three-domain system are divided into class-order-family-genus-species as described in this chapter. What advantages does the more modern classification system have over the older system?
A. The modern classification system allows for the precise organization of a multitude of species. B. The more modern classification system groups organisms based on similarities related to their structure and evolution. C. The modern classification system better represents the unity of life. D. The modern classification system reflects the evolutionary relationships between organisms. E. All of the choices are correct.
Hanson is what the text would classify as a fence-sitter. Which of the following likely describes a typical workday for Hanson?
a. He arrives on time, competently finishes only the tasks assigned to him, and leaves at the official end of the workday. b. He arrives early, finishes his tasks and asks for more, and stays late to put in maximum effort. c. He often complains about his work and undermines others but performs well on the tasks given to him. d. He does slightly substandard work and refuses attempts to involve him in decision making about company work or policies.
The FASB's conceptual framework does not include which of the following as financial reporting objectives?
a. Provide information useful for making rational investment and credit decisions. b. Provide information to help current and potential investors and creditors assess the amount, timing, and uncertainty of future cash flows. c. Provide information about the economic resources of a firm and the claims on those resources. d. Provide information about a firm's expected operating performance during the next period. e. Provide information about how an enterprise obtains and uses cash.