How many dollars worth of sales are generated? A firm has net working capital of $510, net fixedassets of $2,750, sales of $7,200, and currentliabilities of $950. How many dollars worth of salesare generated from every $1 in total assets?a) $1.71b) $2.45c) $2.10d) $1.62

Current assets: Net WC 510 Add: Current liabilities950 Current assets: 1460 Add: Net fixed…

Answered: A firm has net working capital of $510,…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter5: Completing The Accounting Cycle

Section: Chapter Questions

Problem 16MC: If current assets are $100,000 and current liabilities are $42,000, what is the working capital? A....

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A firm has net working capital of $510, net fixed assets of $2,750, sales of $7,200, and current liabilities of $950. How many dollars worth of sales are generated from every $1 in total assets? a) $1.71 b) $2.45 c) $2.10 d) $1.62