13. Adams Corp's sales last year were $57,000, and its total assets were$24,000. What was its total assets turnover ratio (TATO)?O a) 2.375XO b) 0.42XO c) 2.8XO d) 3.2XO e) None of the above 14. If a principal of $700 amounts to $1100 after six years of investment,then what annual interest rate is being received?O a) 5.7%O b) 3.64%O c) 7.25%O d) 7.82%O e) None of the above

Answered: 13. Adams Corp's sales last year were…

13. Adams Corp's sales last year were $57,000, and its total assets were $24,000. What was its total assets turnover ratio (TATO)? * O a) 2.375X O b) 0.42X O c) 2.8X d) 3.2X

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

13. Adams Corp's sales last year were $57,000, and its total assets were
$24,000. What was its total assets turnover ratio (TATO)?
O a) 2.375X
O b) 0.42X
O c) 2.8X
O d) 3.2X
O e) None of the above

14. If a principal of $700 amounts to $1100 after six years of investment,
then what annual interest rate is being received?
O a) 5.7%
O b) 3.64%
O c) 7.25%
O d) 7.82%
O e) None of the above

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