41.Refer to the table in Figure 13-2. What is accounts receivable turnover for Wannamaker's Wonders?
a.6.67
b.6.10
c.2.42
d.2.26
42.Refer to the table in Figure 13-2. What is accounts receivable turnover for Delano's Deals?
a.6.67
b.6.10
c.2.42
d.2.26
43.Refer to the table in Figure 13-2. What is gross profit margin for Wannamaker's Wonders?
a..47
b..52
c..31
d..69
44.Refer to the table in Figure 13-2. What is gross profit margin for Delano's Deals?
a..47
b..52
c..31
d..69
45.Refer to the table in Figure 13-2. What is operating profit margin for Wannamaker's Wonders?
a..69
b..34
c..40
d..47
46.Refer to the table in Figure 13-2. What is operating profit margin for Delano's Deals?
a..40
b..69
c..34
d..47
47.Refer to the table in Figure 13-2. Which of the following statements is true?
a.Wannamaker’s Wonders has a higher gross profit margin
b.Delano’s Deals has a higher accounts receivable turnover
c.Wannamaker's Wonders appears to be more efficient
d.Delano's Deals appears to be more efficient
48.Accounting is
a.the process of recording transactions in journals and ledgers
b.very precise, with a set of unchanging rules
c.an information system for measuring and reporting the transformation process in a business entity
d.a set of standards, developed by a government agency
49.Which of the following is NOT part of the transformation process?
a.financial resources are obtained through financing activities
b.financial resources are used to acquire other resources through investing activities
c.resources are used to produce and sell goods and services through operating activities
d.investors make decisions about the allocation of their resources through decision-making activities