Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Comprehensive Ratio Calculations The Kretovich Company had a quick ratio of 1.2, a current ratio of 4.0, a days' sales outstanding of 36.5 days (based

Comprehensive Ratio Calculations The Kretovich Company had a quick ratio of 1.2, a current ratio of 4.0, a days' sales outstanding of 36.5 days (based on a 365-day year), total current assets of $1,080,000, and cash and marketable securities of $115,000.

What were Kretovich's annual sales? Do not round intermediate calculations. Round your answer to the nearest dollar.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Laymans Guide To Managing Your Investments

Authors: Thomas Dunleavy

1st Edition

979-8763592214

More Books

Students also viewed these Finance questions