of Fresco Industries has net working capital of $1,150, net fixed assets of $5,270, sales of $10,600, and current liabilities $1,480. How many dollars' worth of sales are generated from every $1 in total assets? a) $1.44 b) $2.01 c) $1.76 d) $1.34 e) $2.36

of Fresco Industries has net working capital of $1,150, net fixed assets of $5,270, sales of $10,600, and current liabilities $1,480. How many dollars' worth of sales are generated from every $1 in total assets? a) $1.44 b) $2.01 c) $1.76 d) $1.34 e) $2.36

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 4P: Talbot Enterprises recently reported an EBITDA of $8 million and net income of $2.4 million. It had...

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Question

Can you help me solve this general accounting question using valid accounting techniques?

of
Fresco Industries has net working capital of $1,150,
net fixed assets of $5,270, sales of $10,600, and
current
liabilities
$1,480.
How many dollars' worth of sales are generated from
every $1 in total assets?
a) $1.44
b) $2.01
c) $1.76
d) $1.34
e) $2.36

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