E4.6 You are given the ending working capital for two consecutive years: Year 1 is $20,800, and Year 2 is $30,520. Sales revenue for Year 2 is $1,078,444. Calculate the working capital turnover ratio.
E4.6 You are given the ending working capital for two consecutive years: Year 1 is $20,800, and Year 2 is $30,520. Sales revenue for Year 2 is $1,078,444. Calculate the working capital turnover ratio.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:E4.6 You are given the ending working capital for two consecutive years:
Year 1 is $20,800, and Year 2 is $30,520. Sales revenue for Year 2 is
$1,078,444. Calculate the working capital turnover ratio.
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