Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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What are the annual sales for a firm with $116,044 in total liabilities, a total debt ratio of 0.48, and an asset turnover of 4.75?
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Solution:
Sales refer to the amount earned by an entity from its operations.
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