Campbell co. has net sales revenue of $1,000,000, cost of goods sold of $680,000, and all other expenses of $232,000. the beginning balance of stockholders' equity is $320,000 and the beginning balance of fixed assets is $288,800. the ending balance of stockholders' equity is $480,000 and the ending balance of fixed assets is $311,200. the fixed asset turnover ratio is closest to

3.33

Explanation:

The fixed asset turnover is the ratio between total sales over fixed assets. It measures how the company uses its fixed assets to generate sales. A low ratio means that the company has probably over-invested in fixed assets.

Fixed asset turnover ratio = total sales / average fixed assets

Fixed asset turnover ratio = $1,000,000 / [($288,800 + $311,200) / 2] = $1,000,000 / ($600,000 / 2) = $1,000,000 / $300,000 = 3.33

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.

88 because 4 plus 4 equals 8. 40 plus 40 equals 80. 80 plus 8 equals 88