How many dollars worth of sales are generated from every $1 in total assets? General accounting A firm has net working capital of $570, netfixed assets of $2,316, sales of $6,800, andcurrent liabilities of $880. How manydollars worth of sales are generated fromevery $1 in total assets?a. $2.94b. $1.81c. $2.36d. $1.54e. $2.13

Step 1: Define Assets TurnoverThe assets turnover is the ratio of total sales revenue relative to…

Answered: A firm has net working capital of $570,…

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 $570, net fixed assets of $2,316, sales of $6,800, and current liabilities of $880. How many dollars worth of sales are generated from every $1 in total assets? a. $2.94 b. $1.81 c. $2.36 d. $1.54 e. $2.13