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Exhibit 10 -Refer to Exhibit 10

Question 61

Multiple Choice

Exhibit 10.5
Use the Information Below for the Following Problem(S)
You are provided with the following information about Albermarle Corp.
Income Statement DataSalesOperating IncomeDepreciationInterest ExpensePretax IncomeIncome TaxesNet Income after taxBalance Sheet DataFixed AssetsTotal AssetsWorking CapitalTotal DebtEquity54238333213194124512316159\begin{array}{c}\begin{array}{lll}\text{Income Statement Data}\\\text{Sales}\\\text{Operating Income}\\\text{Depreciation}\\\text{Interest Expense}\\\text{Pretax Income}\\\text{Income Taxes}\\\text{Net Income after tax}\\\\\text{Balance Sheet Data}\\\text{Fixed Assets}\\\text{Total Assets}\\\text{Working Capital}\\\text{Total Debt}\\\text{Equity}\\\end{array}\begin{array}{lll}&&\end{array}\begin{array}{r}\\542\\38\\3\\3\\32\\13\\19\\\\\\41\\245\\123\\16\\159\\\end{array}\end{array}
-Refer to Exhibit 10.5.Calculate the asset turnover ratio.


A) 2.2
B) 5.6
C) 4.2
D) 2.9
E) 3.9

Correct Answer:

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