The company has net sales revenue of $3.6 million during 2018. The company's records also included the following information: Assets12/31/1712/31/18Property, plant and equipment$2.3million$2.5millionLicensing agreements$0.5million$0.4millionGoodwill$0.3million$0.3millionInvestments$0.4million$0.5millionWhat is the company's fixed asset turnover ratio for 2018?
A. 1.50
B. 1.00
C. 1.33
D. 18.00
Answer: A
You might also like to view...
What are the two sources of power discussed in the textbook?
A. legitimate power and coercive power B. conglomerate power and individual power C. expert power and referent power D. organizational power and personal power
Describe the nine major components of the external environment, the series of influences that originate outside the organization and that the company cannot control.
What will be an ideal response?
_______ must be filed with the secretary of state or other appropriate state authority to dissolve the corporation in states following the Model Business Corporation Act.
A. A notice of intent to dissolve B. A notice to creditors C. Articles of dissolution D. A revocation of articles of incorporation
In hypothesis testing, if the null hypothesis has been rejected when the alternative hypothesis has been true, _____
a. a Type I error has been committed b. a Type II error has been committed c. either a Type I or Type II error has been committed d. the correct decision has been made