Author Question: What does a low asset turnover compared to the industry imply? a. The investment in assets may be ... (Read 23 times)

kodithompson · **on:** Jul 6, 2018

What does a low asset turnover compared to the industry imply?

a. The investment in assets may be too high.
b. Sales are higher than average.
c.The investment in assets is too low.
d. Net income is low relative to the investment in assets.

Question 2

Tom James has cumulative earnings of 6,825 and earned 750 during the current payroll period. The FUTA tax is 0.6, with a ceiling of 7,000 . What is the employers federal unemployment tax liability for the current payroll:
a. 10.50
b. 175.00
c. 1.05
d. 105.00