Compute the asset turnover (rounded to two decimal places) for Titania Corporation's investment center from the information given below. Titania Corporation Total sales $1,600 Operating income $100 Average assets invested $900 Profit margin ? Asset turnover ? ROI?
A) 1.78
B) 0.56
C) 0.11
D) 9.00
A
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The Bronson Company changed its method of determining inventories from LIFO to FIFO. This change represents a
A) change in accounting estimate that should be treated prospectively. B) change in accounting principle that should be treated prospectively. C) change in accounting estimate for which the financial results of previous years are restated. D) change in accounting principle for which the financial statements of prior periods included for comparative purposes are restated.
When failure occurs because an organization tries to be on the technological leading edge, observers call it the _____.
Fill in the blank(s) with the appropriate word(s).
Satisfied customers constitute the company's ________
A) customer relationship capital B) customer churn C) target audience D) high-value customers E) customer touch points
Which of the following would best present detailed textual information?
A) Charts B) Graphs C) Tables D) Pictures E) Flowcharts