The asset turnover ratio is computed by dividing
a. net income by ending total assets
b. net income by average total assets
c. net sales by ending total assets
d. net sales by average total assets
Answer: d. net sales by average total assets
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Licensed corporations or an LLC need to have E&O insurance.
a. true b. false
A foreign bond is issued by a(n) ________
A) foreign corporation or government and is denominated in the investor's home currency and sold in the investor's home market B) corporation or government and is denominated in the investor's foreign currency and sold in the foreign market C) international borrower and sold to investors in countries with currencies other than the local currency D) international borrower and sold to investors in countries with currencies in which the bond is denominated