Answered: A firm has net working capital of $580,…

A firm has net working capital of $580, net fixed assets of $2,326, sales of $6,900, and current liabilities of $890. How many dollars worth of sales are generated from every $1 in total assets?

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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Question

100%

Total assets? General accounting

A firm has net working capital of $580, net fixed assets
of $2,326, sales of $6,900, and current liabilities of $890.
How many dollars worth of sales are generated from
every $1 in total assets?

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