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Which decrease in asset turnover ratio may indicate

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Reference no: EM132921025

Problem 1: What is the impact on cash flow from operations in the current year based on the change in operating assets and liabilities listed below?

                                      Prior Year        Current Year

Accounts Receivable                  750               530

Inventories                                 820               930

Accounts Payable                      1,120              1,240

a) 10

b) -10

c) -230

d) 230

Problem 2: A decrease in asset turnover ratio may indicate:

a) An increasing amount of assets that are provided by debt

b) A more efficient use of resources to generate sales

c) A significant investment in PP&E

d) A favorable comparison to the industry average

Problem 3: In Excel, the YEARFRAC function calculates:

a) The fraction of the year represented by the number of whole days between the first day of the year and today

b) The fraction of the year represented by the number of whole days between two dates (start date and end date)

c) The number of whole days between the first day of the year and today

d) The number of whole days between two dates (start date and end date)

Reference no: EM132921025

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