Relevant financial information for Gordon, Inc. and Jordan, Inc. for the current year is provided below. ($ in millions) Gordon, Inc. Jordan, Inc.
Net sales $3,280 $6,540
Net income 118 132
Total assets, beginning 1,420 2,230
Total assets, ending 1,600 2,020
Based on these data, which of the following is a correct conclusion?
a) Asset Turnover is 0.5 times for Gordon and 0.3 times for Jordan. Thus, Gordon generates more sales per dollar of assets than does Jordan.
b) Asset Turnover is 0.5 times for Gordon and 0.3 times for Jordan. Thus, Jordan generates more sales per dollar of assets than does Gordon.
c) Asset Turnover is 2.2 times for Gordon and 3.1 times for Jordan. Thus, Gordon generates more sales per dollar of assets than does Jordan.
d) Asset Turnover is 2.2 times for Gordon and 3.1 times for Jordan. Thus, Jordan generates more sales per dollar of assets than does Gordon.

Which of the following best explains cost-push inflation? a. increasing wages for workers drive up the cost of production, forcing producers to charge more to meet their costs. b. consumers demand goods faster than they can be supplied, increasing competition among buyers. c. rising prices for goods and services reduce spending power and cut into consumer demand. d. wages drop so that workers have to spend a higher percentage of income on the cost of necessities.2b2t

Identify the accounting assumption or principle that is described below. (a) select the accounting assumption or principle is the rationale for why plant assets are not reported at liquidation value. (note: do not use the historical cost principle.) (b) select the accounting assumption or principle indicates that personal and business record-keeping should be separately maintained. (c) select the accounting assumption or principle assumes that the dollar is the "measuring stick" used to report on financial performance. (d) select the accounting assumption or principle separates financial information into time periods for reporting purposes. (e) select the accounting assumption or principle measurement basis used when a reliable estimate of fair value is not available. (f) select the accounting assumption or principle dictates that companies should disclose all circumstances and events that make a difference to financial statement users.

Which actions can you improve your credit score? (multiple can be selected)having a good credit score should be your prime objective as credit companies analyze your creditworthiness before giving you a loan. there are certain guidelines you can follow to ensure you have a good credit score. always pay your mortgage interest on time. if you are a student, make student loan inquiries before taking any loan. if you have multiple credit cards, manage them judiciously. maintain a healthy balance in your bank account.1. always pay your mortgage interest on time.2. if you are a student, make student loan inquiries before taking any loan.3. if you have multiple credit cards, manage them judiciously.4. maintain a healthy balance in your bank account.