At January 1, 2013, Rodriquez Company had total assets of $900,000 and at December 31, 2013, its total assets were $1,100,000. Rodriquez's net sales for 2013 were $1,850,000 and its 2013 net income was $55,000. Rodriquez's asset turnover ratio for 2013 is:

Individual accounts with a common characteristic grouped together in a separate or secondary ledger, which is used to support a controlling account in the general ledger.

What will be an ideal response?

A continuing rise in prices over a period of time refers to

A. inflation. B. economic expansion. C. a recession. D. economic contraction. E. stagflation.