Flask Company reports net sales of $4,315 million; cost of goods sold of $2,808 million; net income of $283 million; and average total assets of $2,136. Compute its total asset turnover.
A. .50.
B. 1.31.
C. .13.
D. .76.
E. 2.02.
Answer: E
You might also like to view...
Which of the following is not an advantage associated with informal recruitment:
a. speed b. lower cost c. administrative convenience d. avoidance of discrimination
Our manager encouraged us to work ____ to ensure accuracy
A) slowlier B) more slowly C) more slower
Which one of the following is true of a signature card?
A) It shows each authorized person's signature for a bank account. B) It is the same as a deposit receipt and acts as a proof of the deposit transaction. C) It can be used as a debit card. D) It can only be used for bank accounts of individuals, not for the bank accounts of businesses.
What is the term for the attitudes or beliefs that affect our understanding, actions, and decisions in an unconscious manner?
What will be an ideal response?