question 22 - 24

Question Completion Status: QUESTION 22 Defining total asset turnover as revenue divided by average total assets, all else equal impairment write-downs of long-lived assets owned by a company will most likely result in an increase for that company in a. both the debt-to-equity ratio and the total asset turnover. ob. the debt-to-equity ratio but not the total asset turnover. oc. the total asset turnover but not the debt-to-equity ratio. QUESTION 23 What type of firm generally has the highest proportion of fixed assets to total assets? a. Retailers b. Wholesalers c. Retailers and wholesalers d. Manufacturers QUESTION 24 According to Standard I (Al. Duties to Clients: Loyalty, Prudence and Care, a pension fund or trust manager owes a duty of loyalty to a. the person or entity who hires the manager ob. the company or companies in which the pension plan or trust invests Oceach individual client Od the beneficiaries of the plan or trust e. both answers "C" and "d" are correct Click Save and Submit to save and submit. Click Save All Answers to save all answers