If you give me wrong answer I will give you unhelpful rate Given the following information, calculate theamount of sales.Total fixed assets = $400Long-term liabilities = $155Total liabilities = $280Total equity = $320NWC Turnover ratio = 20

To calculate the amount of sales, we can use the NWC (Net Working Capital) Turnover ratio formula:…

Answered: Given the following information,…

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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Given the following information, calculate the amount of sales. Total fixed assets = $400 Long-term liabilities = $155 Total liabilities = $280 Total equity = $320 NWC Turnover ratio = 20