CORPORATE FINANCE (LOOSELEAF)-TEXT
CORPORATE FINANCE (LOOSELEAF)-TEXT
7th Edition
ISBN: 9781337910002
Author: EHRHARDT
Publisher: CENGAGE L
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Chapter 3, Problem 12P

The Kretovich Company had a quick ratio of 1.4, a current ratio of 3.0, a days sales outstanding of 36.5 days (based on a 365-day year), total current assets of $810,000, and cash and marketable securities of $120,000. What were Kretovich’s annual sales?

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