I need help with question is correct answer and accounting A company has net working capital of $420, net fixed assets of $1,850, sales of$4,200, and current liabilities of $650. How many dollars worth of sales aregenerated from every $1 in total assets?a. $1.25b. $1.72c. $1.44d. $2.05e. $1.87

Step 1: Detailed Explanation of Asset Turnover RatioAsset Turnover Ratio is a financial metric that…

Answered: A company has net working capital of…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 19P

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Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of goods sold was 240,000, its operating expenses were 50,000, its interest revenue was 2,000, and its interest expense was 12,000. Brandts income tax rate is 30%. Prepare Brandts multiple-step income statement for the current year.
Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital expenditures of $112,900, cash dividends of $35,800, and average maturities of long-term debt over the next 5 years of $122,300. What is Chasses free cash flow and cash flow adequacy ratio? a. $94,300 and 0.77, respectively c. $130,100 and 1.06, respectively b. $94,300 and 0.82, respectively d. $165,900 and 1.36, respectively
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A company has net working capital of $420, net fixed assets of $1,850, sales of $4,200, and current liabilities of $650. How many dollars worth of sales are generated from every $1 in total assets? a. $1.25 b. $1.72 c. $1.44 d. $2.05 e. $1.87