QUESTION 5

1. Kenny Rogers Roasters recently reported $85,632 in Cash, $878,000 in Accounts Receivable, $1,716,000 in Inventory, $6,000,340 in Sales, $877,040 in net fixed assets, $3,496,672 in Total Assets, and $1,144,800 in Current Liabilities. What is the fixed asset turnover for Kenny Rogers Roasters? (round to two decimals)

   		7.39
   		0.14
   		2.25
   		None of the above
   		6.84

10 points

QUESTION 6

1. The following statement best describes which characteristic of financial markets?

   " standardized contracts are traded on an organized exchange"

   		Capital Market
   		Public Market
   		Secondary Market
   		Private Market
   		Money Market
   		Futures Market
   		Primary Market
   		Spot Market