Rural Hydroponics has total equity of 560,000; sales of 2,250,000; current assets of 700,000; and
total liabilities of 435,000. What is Rural Hydroponics' total asset turnover?
A) 2.26 B) 3.21 C) 4.02 D) 5.51
Question 2
The acceleration clause in a loan agreement allows the lender to
A)
collect the entire unpaid balance immediately if you miss a payment.
B)
add on new collateral to an existing installment loan.
C)
collect all unpaid interest immediately if you miss a payment.
D)
step up your monthly payments from, say, 100 a month to 150 to have the loan repaid more rapidly.
Total hip prosthesis.
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