Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Comprehensive Ratio Calculations The Kretovich Company had a quick ratio of 1.8, a current ratio of 3.5, 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 3.5, a days sales outstanding of 36.5 days (based on a 365-day year), total current assets of $822,500, 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.
$
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started