Please give me answer accounting A firm has net working capital of $425, net fixed assets of$2,282, sales of $6,000, and current liabilities of $800. Howmany dollars worth of sales are generated from every $1 intotal assets?A. $1.71B. $2.63C. $2.36D. $1.35E. $1.95

Step 1: Define Asset TurnoverThe asset turnover ratio is a measure of the efficiency of asset use.…

Answered: A firm has net working capital of $425,…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 11MCQ: Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital...

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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 firm has net working capital of $425, net fixed assets of $2,282, sales of $6,000, and current liabilities of $800. How many dollars worth of sales are generated from every $1 in total assets? A. $1.71 B. $2.63 C. $2.36 D. $1.35 E. $1.95