Solved

Table 3.1 Information (2010 Values)

Question 140

Multiple Choice

Table 3.1 Table 3.1 Information (2010 values) 1. Sales totaled $110,000 2. The gross profit margin was 25 percent. 3. Inventory turnover was 3.0. 4. There are 360 days in the year. 5. The average collection period was 65 days. 6. The current ratio was 2.40. 7. The total asset turnover was 1.13. 8. The debt ratio was 53.8 percent. -Net fixed assets for CEE in 2010 were ________. (See Table 3.1) A) $45,484 B) $48,975 C) $54,511 D) $69,341 Information (2010 values)
1. Sales totaled $110,000
2. The gross profit margin was 25 percent.
3. Inventory turnover was 3.0.
4. There are 360 days in the year.
5. The average collection period was 65 days.
6. The current ratio was 2.40.
7. The total asset turnover was 1.13.
8. The debt ratio was 53.8 percent.
-Net fixed assets for CEE in 2010 were ________. (See Table 3.1)


A) $45,484
B) $48,975
C) $54,511
D) $69,341

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q46: Net profit margin measures the percentage of

Q118: Firm ABC had operating profits of $100,000,

Q135: Table 3.2<br>Dana Dairy Products Key Ratios <img

Q136: The higher the value of the times

Q137: The DuPont system merges the income statement

Q138: The statement of cash flows provides insight

Q139: The _ measures the return on owners'

Q143: The primary concern of creditors when assessing

Q144: _ is where the firm's ratio values

Q145: Gross profit margin measures the percentage of