Excerpts from Nationwide Company’s December 31, 2024 and 2023, financial statements are presented below: 20242023Accounts receivable$ 80,000$ 72,000Inventory84,00070,000Net sales400,000372,000Cost of goods sold254,000216,000Total assets850,000810,000Total stockholders’ equity500,000450,000Net income75,00056,000 What is the asset turnover for 2024?Note: Round your answer to one decimal place.

A stock split has no effect on the total of any account in stockholders’ equity.

Common-size analysis is another term used for:

Which of the following income statement items is least likely to persist into future periods?

Other things being equal, the higher the debt to equity ratio, the higher the risk of bankruptcy.

Excerpts from Nationwide Company’s December 31, 2024 and 2023, financial statements are presented below: 20242023Accounts receivable$ 80,000$ 72,000Inventory84,00070,000Net sales400,000372,000Cost of goods sold254,000216,000Current liabilities145,000125,000Interest-bearing debt205,000235,000Total stockholders’ equity500,000450,000Net income75,00056,000 What is the debt to equity ratio for 2024?

Which of the following is considered by Tamir Sorek as a factor that explains Palestinian soccer’s re-politicization in the 21st century?

The usefulness of reported earnings to predict future earnings is often referred to as:

Excerpts from Nationwide Company’s December 31, 2024 and 2023, financial statements are presented below: 20242023Accounts receivable$ 80,000$ 72,000Inventory84,00070,000Net sales400,000372,000Cost of goods sold254,000216,000Total assets850,000810,000Total stockholders’ equity500,000450,000Net income75,00056,000 What is the profit margin for 2024?Note: Round your answer to one decimal place.

Authorized stock is the number of shares that have been sold to investors.