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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

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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
Transcribed Image Text: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
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