A company had average total assets of $887,000. Its gross sales were $1,090,000 and its net sales were $1,000,000. The company's total asset turnover equals:
A. 1.23.
B. 0.81.
C. 1.09.
D. 0.89.
E. 1.13.
Answer: E
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Answer the following statements true (T) or false (F)
1. Some business journalists are critical of sustainability. They argue that it means constraining economic development. 2. The reputations of corporations who address environmental issues are not likely to be enhanced because these behaviours are now expected of all businesses. 3. Profitability is likely reduced due to a focus on environmental concerns. 4. Globalization is a recent phenomenon, with growth in international trade increasing in the last two decades. 5. Globalization is a process that contradicts protectionism.
An example of a pure good is:
A. a bed and breakfast inn. B. a dual-colored reversible jacket. C. an online grocery store. D. a haircut at a premium salon.
One of the primary goals of the Bankruptcy Code is to divide the debtor's assets fairly among creditors
Indicate whether the statement is true or false
Regulation Crowdfunding:
A) allows startup companies to sell shares directly to a large number of investors without an intermediary broker. B) became effective with the Penny Stock Reform Act of 1990. C) allows an issuer to raise a maximum aggregate amount of $1 million through crowdfunding in a 12-month period. D) All of these statements are true.