Russell inc. had sales of $2,200,000 for the first quarter of 2020. in making the sales, the company incurred the following costs and expenses. variable fixed cost of goods sold $920,000 $440,000 selling expenses 70,000 45,000 administrative expenses 86,000 98,000 prepare a cvp income statement for the quarter ended march 31, 2020.

If the ceo of a large, diversified, firm were filling out a fitness report on a division manager (i.e., "grading" the manager), which of the following situations would be likely to cause the manager to receive a better grade? in all cases, assume that other things are held constant.a. the division's basic earning power ratio is above the average of other firms in its industry.b. the division's total assets turnover ratio is below the average for other firms in its industry.c. the division's debt ratio is above the average for other firms in the industry.d. the division's inventory turnover is 6, whereas the average for its competitors is 8.e. the division's dso (days' sales outstanding) is 40, whereas the average for its competitors is 30.