FIN 575 Final Exam 2017 Answers | FIN/575 Project Budget and Finance
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11. The R. M. Senchack Corporation earned an operating profit margin of 6% based on<br />
sales of $11 million <strong>and</strong> total assets of $6 million last year. What was Senchack’s total<br />
asset turnover ratio?<br />
• 1<br />
• 0.54<br />
• 5.4<br />
• 1.8<br />
12. Why is the communication plan a crucial factor in project success?<br />
• Ensures the timely generation, collection, storage, <strong>and</strong> disposition of project information<br />
• Facilitates upper management communication with the workers<br />
• Reduces rumors in the organization<br />
• Communicates the economic value of the project to management
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