seidner, inc. provides the following data: 2017 2016assetscurrent assets: cash and cash equivalents $40,000 $25,000accounts receivable, net 37,000 62,000merchandise inventory 60,000 50,000total current assets $137,000 137,000property, plant, and equipment, net $121,000 120,000total assets $258,000 $257,000net credit sales $550,000cost of goods sold (155,000 )gross profit $395,000calculate the asset turnover ratio for 2017. (round your answer to two decimal places.)

Martha is the head of the accounts department in a small manufacturing company. the company follows the accrual-basis method of accounting. it recently purchased raw materials worth $5,000 from its vendors. however, the company paid only $3,000 to its vendors. it plans to pay the remaining amount after three months. considering this information, which entry should martha record in the company’s accounts? a. $5,000 as accounts receivable b. $3,000 as accounts payable c. $2,000 as accounts payable d. $2,000 as accounts receivable

Social computing forces companies to deal with customers as opposed to

Garrett is an executive vice president at samm hardware. he researches a proposal by a larger company, maximum hardware, to combine the two companies. by analyzing past performance, conducting focus groups, and interviewing maximum employees, garrett concludes that maximum has poor profit margins, sells shoddy merchandise, and treats customers poorly. what actions should garrett and samm hardware take? a. turn down the acquisition offer and prepare to resist a hostile takeover. b. attempt a friendly merger and use managerial hubris to improve results at maximum. c. welcome the acquisition and use knowledge transfer to impart sam hardware's management practices. d. do nothing; the two companies cannot combine without samm hardware's explicit consent.