Question
4. Problem 3-12 (Comprehensive Ratio Calculations) Comprehensive Ratio Calculations The Kretovich Company had a quick ratio of 1.3, a current ratio of 4.0, a days
4. Problem 3-12 (Comprehensive Ratio Calculations)
| Comprehensive Ratio Calculations The Kretovich Company had a quick ratio of 1.3, a current ratio of 4.0, a days sales outstanding of 36.5 days (based on a 365-day year), total current assets of $900,000, and cash and marketable securities of $110,000. What were Kretovich's annual sales? Do not round intermediate calculations. Round your answer to the nearest dollar. $ ______________ |
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Accounting Comes Alive The Color Accounting Parable
Authors: Mark Robilliard ,Peter Frampton, Chang Chang, Mark Morrow, John Gorman
1st Edition
1450769608, 978-1450769600
