FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Comprehensive Ratio Calculations The Kretovich Company had a quick ratio of 1.6, a current ratio of 3.0, a days sales outstanding of 36.5 days (based

image text in transcribed
Comprehensive Ratio Calculations The Kretovich Company had a quick ratio of 1.6, a current ratio of 3.0, a days sales outstanding of 36.5 days (based on a 365 -day year), total current assets of $780,000, 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. $

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

Step: 3

blur-text-image

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 Infographic Guide To Personal Finance

The Infographic Guide To Personal Finance

Authors: Michele Cagan CPA, Elisabeth Lariviere

1st Edition

1507204663, 978-1507204665

More Books

Students also viewed these Finance questions

Question

★★★★★
Suppose Saxton Corporations inventory records for a particular computer chip indicate the following at December 31: The physical count of inventory at December 31 indicates that nine units of...

Answered: 1 week ago

Question

★★★★★
3. What are two reasons why it can be hard to decide whether you are an introvert or an extravert?

Answered: 1 week ago

Question

★★★★★
Jim Sarowski (SSN 000-00-2222) is 70 years old and single. He received Social Security benefits of $16,000. He works part-time as a greeter at a local discount store and received wages of $7,300....

Answered: 1 week ago

Question

★★★★★
Chauhan Restaurant is considering the purchase of a souffl maker that costs $ 1 0 , 9 0 0 . The souffl maker has an economic life of 8 years and will be fully depreciated by the straight - line...

Answered: 1 week ago

Question

★★★★★
2. 3. Express the following quadratic function in the form f (x) = a(x + k by completing the square. Identify the vertex. ( x ) = + 36x 7 Factor the following completely: Solve the following: x 6xf

Answered: 1 week ago

Question

★★★★★
Current Attempt in Progress The following transactions of Beltville College transpired during 2025. The funds necessary are the Endowment Fund, the Annuity Fund, the Plant Fund-Unexpended, the Plant...

Answered: 1 week ago

Question

★★★★★
Given Information:" Enter a formula in the place of each "?" Make sure to use a conditional statement in cell D33. 1 Cash on hand at the company and not yet deposited at the bank. 5,475 2 EFT for...

Answered: 1 week ago

Question

★★★★★
B. Franc earns $15 an hour as a delivery driver. His company also pays him $30 a week for car maintenance. What is the function that describes Franc's weekly earnings? 1 answer

Answered: 1 week ago

Question

★★★★★
1. Matilda has been highly agitated for the past 2 weeks, particularly when watching TV. She believes that news stories about crimes occurring nationally are directed at her and that the reporters...

Answered: 1 week ago

Question

★★★★★
Greg, 40, and Melanie, 38, come to therapy with their son Adrian, who is 13. Greg explains that Adrian has always been a little different. He describes his son as a reader and a dreamer who was...

Answered: 1 week ago

Question

★★★★★
Words and phrases can have connotative meanings not only in business communication but also in classroom communication. For each item in the following list, identify what a teacher might mean when he...

Answered: 1 week ago

Question

★★★★★
Global. Select a culture other than your own. Gather information on that cultures values, attitudes, biases, and viewpoints. As your instructor directs, interview a student or faculty member from...

Answered: 1 week ago

Question

★★★★★
Prepare a one- to two-minute oral presentation in which you explain the senders and receivers roles in the communication process. As your instructor directs, deliver your presentation to another...

Answered: 1 week ago

Previous Question Next Question