Refers to a plant asset that is no longer useful in producing goods and services
Refers to the insufficient capacity of a company ' s plant assets to meet the company ' s productive demands
Occurs when an asset ' s salvage value is less than its replacement cost
Does not affect plant assets Question 10. Question: Pepsi ' s accounts receivable turnover was 9.9 for this year and 11.0 for last year. Coke ' s turnover was 9.3 for this year and 9.3 for last year. These results imply that:
Coke has the better turnover for both years
years
Pepsi has the better turnover for both
Coke ' s turnover is improving Coke ' s credit policies are too loose
Coke is collecting its receivables more quickly than Pepsi in both years
Question 11. Question: A company had average total assets of $ 897,000. Its gross sales were $ 1,090,000 and its net sales were $ 1,000,000. The company ' s total asset turnover is equal to:
0.82
Refers to a plant asset that is no longer useful in producing goods and services
Refers to the insufficient capacity of a company ' s plant assets to meet the company ' s productive demands
Occurs when an asset ' s salvage value is less than its replacement cost
Does not affect plant assets Question 10. Question: Pepsi ' s accounts receivable turnover was 9.9 for this year and 11.0 for last year. Coke ' s turnover was 9.3 for this year and 9.3 for last year. These results imply that:
Coke has the better turnover for both years
years
Pepsi has the better turnover for both
Coke ' s turnover is improving Coke ' s credit policies are too loose
Coke is collecting its receivables more quickly than Pepsi in both years
Question 11. Question: A company had average total assets of $ 897,000. Its gross sales were $ 1,090,000 and its net sales were $ 1,000,000. The company ' s total asset turnover is equal to: