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A firm has net working capital of $500, net fixed assets of $3,000, sales of $7,500, and current liabilities of $1,200. How many dollars worth of sales are generated from every $1 in total assets?

A firm has net working capital of $500, net fixed assets of $3,000, sales of $7,500, and current liabilities of $1,200. How many dollars worth of sales are generated from every $1 in total assets?

Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 7P: Ace Industries has current assets equal to 3 million. The companys current ratio is 1.5, and its...
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A firm has net working capital of $500, net fixed assets of $3,000, sales of $7,500, and current liabilities of $1,200. How many dollars worth of sales are generated from every $1 in total assets?
Transcribed Image Text:A firm has net working capital of $500, net fixed assets of $3,000, sales of $7,500, and current liabilities of $1,200. How many dollars worth of sales are generated from every $1 in total assets?
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