Rural Hydroponics has total equity of 560,000; sales of ...

[kwoodring]

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.

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Answer to Question 1

A

Answer to Question 2

A