What is a firm's total asset turnover if its fixed assets are $120,000, current assets are $30,000, current liabilities are $44,000, sales were $200,000, and net income was $75,000?
A) 0.5 times
B) 2.2 times
C) 1.3 times
D) 2.0 times
E) 1.7 times
C
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When you speculate about the cause of a problem, you are forming a ________, a potential explanation that needs to be tested
A) hypothesis B) prospectus C) quandary D) supposition E) problem factor
Pointers can be used for all of the following except
a. to locate the subschema address of the record. b. to locate the physical address of the record. c. to locate the relative address of the record. d. to locate the logical key of the record.
A company has cost of goods available for sale of $250,000, sales of $287,000, and a gross profit percentage of 30 percent. Using the gross profit method, what is the ending inventory?
a. $113,000 b. $50,000 c. $49,100 d. $163,900
The last item on the statement of cash flows prior to the schedule of noncash investing and financing activities reports
A) the increase or decrease in cash B) cash at the end of the year C) net cash flow from investing activities D) net cash flow from financing activities