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Vivian Company Has the Following Data Available What Is the Total Asset Turnover for Vivian Company in l

Question 77

Multiple Choice

Vivian Company has the following data available: 2×132×122×11 Total Current Assets $338$182$150 Totnl Long-term Assets $468$508$400 Total Stockholders’ Equity $467$389$300\begin{array} { l l l l } & \underline { 2 \times 13 } & \underline { 2 \times 12 } & \underline { 2 \times 11 } \\\text { Total Current Assets } & \$ 338 & \$ 182 & \$ 150 \\\text { Totnl Long-term Assets } & \$ 468 & \$ 508 & \$ 400\\\text { Total Stockholders' Equity } & \$ 467& \$ 389& \$ 300\\\end{array}  Sales $930$700$600 Less Cost of Goods Sold 410235300 Gross Profit $520$465$300\begin{array}{lll}\text { Sales } &&\$930& \$ 700 & \$ 600 \\\text { Less Cost of Goods Sold } && \underline{410} & \underline{235} & \underline{300} \\\text { Gross Profit } && \$ 520 & \$ 465&\$300\end{array}
What is the total asset turnover for Vivian Company in 2X13? Has the total asset turnover improved or not improved since 2X12?


A) 1.2,improved
B) 1.2,not improved
C) 1.5,improved
D) 1.6,improved
E) 1.6,not improved

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