Question 26 Q13 Not yet answered Marked out of 1.00 P Flag question Jotun Paint Corporation reported net income $24,000, net sales $400,000, and average assets 5600,000 for 2020. What is the 2020 asset turnover 0.67 times 1.5 times 4 times 15 times 27 Do 25 Not Which of the following statement is true? andwered Marked out of Management Accounting is future oriented Cost Accounting is based on data derived from Management Accounting Financial Accounting is optional Management Accounting is based on double entry system Flagestion Question 24 Not yet Which of the following is an example of Long Term Budget? . answered Marked out of 1.00 Sales Budget Purchase Budget Capital expenditure budget Production Budget Flag question Question 23 The amount of time spent on check each sales invoice is an example of Not yet answered Marked out of 1.00 Flag question qualitative data continuous data discrete data temporal data Questo 27 Q18 Not yet answered JKL Company's sales are $1,000,000 and the cost of Sales is $400,000 Maried out of 1.00 The beginning and ending inventory balances are $240,000 and $260.000, respectively. P Flag question What is the inventory turnover! 3.60 1.60 340 2.40 28