Question
Comprehensive Ratio Calculations The Kretovich Company had a quick ratio of 1.8, a current ratio of 3.0, a days sales outstanding of 36.5 days (based
Comprehensive Ratio Calculations
The Kretovich Company had a quick ratio of 1.8, a current ratio of 3.0, a days sales outstanding of 36.5 days (based on a 365-day year), total current assets of $825,000, 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.
$
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Financial Management Theory And Practice
Authors: Prasanna Chandra
11th Edition
9355322208, 978-9355322203
