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

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

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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Need help accounting question

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

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