Net income divided by net sales is the:
A) Return on total assets.
B) Profit margin.
C) Current ratio.
D) Total asset turnover.
E) Days' sales in inventory.
B) Profit margin.
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In order to analyze the competitiveness of the banks affected by mergers, the Fed found out that in _____ out of the 49 banking markets, in which both Wells Fargo and Wachovia had operations, the merger will not violate any guidelines based on HHI or other guidelines.
A. 32 B. 40 C. 48 D. 37
Place advertising, or out-of-home advertising, is a broad category that includes many creative and unexpected forms to grab consumers' attention, including all of the following EXCEPT ________
A) billboards B) yellow pages C) public spaces D) product placement E) point of purchase
A company's interest expense is $15,000. Its income before interest expense and income taxes is $86,250. Its net income is $31,900. The company's times interest earned ratio equals:
A. 0.37. B. 0.47. C. 5.75. D. 2.70. E. 0.174.
On January 1, Year 1, Ballard company purchased a machine for $50,000. On January 1, Year 2, the company spent $18,000 to improve its quality. The machine had a $11,600 salvage value and a 6-year life, which are unchanged. Ballard uses the straight-line method. What is the book value of the machine on December 31, Year 4?
A. $19,200 B. $31,600 C. $10,000 D. $20,000