Food Store's 2013 financial statements show earnings before interest of $1,091 million, net income of $70 million, sales of $76,733 million, and average total assets of $23,175 million. How much is Food Store's asset turnover for the year?

To increase their effectiveness, brand ambassadors that are sponsored by a company are asked to hide their connections with the brand

Indicate whether the statement is true or false

Match the following terms with the appropriate definitions. Each term is to be used only once

a. Interest b. Contribution or contributed capital c. Entrepreneur d. Principal e. Retained earnings f. Comparative balance sheets g. Multistep income statement _____ 1. A person who starts a business. _____ 2. A statement that reports two consecutive fiscal years. _____ 3. The cost of borrowing money. _____ 4. Reports gross profit on sales (or gross margin) and operating income as subtotals. _____ 5. The equity that results from doing business that is kept in the company. _____ 6. The amount of money borrowed. _____ 7. An owner's investment in a company.