Liberty Corporation reported beginning and ending total assets of $25,000 and $22,000, respectively. Its net sales for the year were $18,800. What was Liberty's asset turnover ratio?

a.) 0.75
b.) 0.85
c.) 0.80
d.) 1.25

Ans: c.) 0.80

Business

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Jim Grunig created the enlightened self-interest model for ethical behavior in public relations to advocate that for business to do well, it must do good

Indicate whether the statement is true or false

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Refer to Table 5-1. At 600 units of production, the Steel Shelf Company has total revenue of

A) $6,000. B) $1,000. C) $5,000. D) $12,000.

Business