Apex Industries has net working capital of $450, net fixed assets of $2,800, sales of $5,600, and current liabilities of $750. How many dollars worth of sales are generated from every $1 in total assets?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter12: Balanced Scorecard And Other Performance Measures
Section: Chapter Questions
Problem 5EB: During the current year. Plainfield Manufacturing earned income of $845,000 from total sales of...
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Apex Industries has net working capital of $450, net fixed assets of $2,800,
sales of $5,600, and current liabilities of $750. How many dollars worth of sales
are generated from every $1 in total assets?
Transcribed Image Text:Apex Industries has net working capital of $450, net fixed assets of $2,800, sales of $5,600, and current liabilities of $750. How many dollars worth of sales are generated from every $1 in total assets?
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ISBN:
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