Deflorio Corporation’s inventory at the end of Year 2 was $167,000 and its inventory at the end of Year 1 was $152,000. The company’s total assets at the end of Year 2 were $1,471,000 and its total assets at the end of Year 1 were $1,420,000. Sales amounted to $1,450,000 in Year 2. The company’s total asset turnover for Year 2 is closest to:

Options:

0.98

1.03

9.28

9.06

Correct answer is A 0.98

Explanation:

Total asset turnover = Sales / Average total assets.

Sales = $ 1390000 (Given in the question)

Average total assets = (1446000 + 1404000) / 2

= $ 1425000.

Accordingly, Total asset turnover of company for the Year 2

= 1390000 / 1425000

= 0.98 (Option A)

The assets turnover is closest to 1.003 times

Explanation:

The total assets turnover ratio is an important ratio to assess the efficiency of a firm's assets in generating revenue. The ratio calculated the $ value of revenue generated by each $1 of the asset.

The formula for total assets turnover is:

Total Assets turnover = net Sales / Average net total assets

The average net total assets = (Opening value of assets + Closing value of assets) / 2

Thus, the assets turnover is:

Average net total assets =  (1420000 + 1471000) / 2 = 1445500

Assets turnover =  1450000 / 1445500 = 1.003 times

the correct answer would be b, when, queen, calder hall and london.

explanation:

we always capitalize words when a paragraph or sentence is starting, when an important name is used, when a place is being written, or simply when a noun is used, etc. so in this sentence, sentence is starting from 'when', so it will be written in capital letters. secondly, queen is considered to be an important person, so it will also be written in capital letter. next, the name of the town is mentioned, i-e calder hall, which will also be written in capital letters. in the last,   city name is being used, 'london', which will also be written in capital letters. so option b is the most appropriate one.

answer: a. the kind of population living in your neighbourhood.

the census explorer data tool by the us census bureau allows the user to zoom in on any neighbourhood within the united states and find the kind of people residing in that by race and age.  

the tool needs to needs to be used twice – once in order to find what type of people reside in a neighbourhood, and then to see the age groups of the people in the same neighbourhood.