The Kretovich Company had a quick ratio of 1.1, a current ratio of 3.5, a days' sales outstanding of 36.5 days (based on a 365-day year), total current assets of $1,032,500, and cash and marketable securities of $105,000. What were Kretovich's annual sales? Do not round intermediate calculations. Round your answer to the nearest dollar.
The Kretovich Company had a quick ratio of 1.1, a current ratio of 3.5, a days' sales outstanding of 36.5 days (based on a 365-day year), total current assets of $1,032,500, and cash and marketable securities of $105,000. What were Kretovich's annual sales? Do not round intermediate calculations. Round your answer to the nearest dollar.
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 12P: The Kretovich Company had a quick ratio of 1.4, a current ratio of 3.0, a days’ sales outstanding of...
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The Kretovich Company had a quick ratio of 1.1, a current ratio of 3.5, a days' sales outstanding of 36.5 days (based on a 365-day year), total current assets of $1,032,500, and cash and marketable securities of $105,000. What were Kretovich's annual sales? Do not round intermediate calculations. Round your answer to the nearest dollar.
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