"Only needed information should be displayed in a report" is related to ________ for the design of forms and reports

In an accounting cycle, which of the following steps takes place only at the end of the accounting period?

A) start with the beginning account balances B) journalize transactions that occur C) analyze transactions as they occur D) journalize adjusting entries

What is a firm's total asset turnover if its fixed assets are $120,000, current assets are $30,000, current liabilities are $44,000, sales were $200,000, and net income was $75,000?

A) 0.5 times B) 2.2 times C) 1.3 times D) 2.0 times E) 1.7 times