D F G H INPUT Quick ratio Current ratio Days sales outstanding Current assets Cash and marketable securities (365 days/year) OUTPUT The only ratio containing sales is the days sales outstanding. You must solve for accounts receivable first to be able to compute annual sales. You are given CA and the current ratio so you are able to solve for the al Current liabilities You are given CA and the quick ratio and you just found Cl, so you can solve for inventory Inventory You are given CA and cash and marketable securities. With the solution for inventory you can solve for accounts receivable Cash and marketable securities Accounts receivable you are solving for this value Inventory Total current assets Finish your calculations using DSO and the value you have calculated for accounts receivable Annual sales Problem 7-9 Problem 7-10 Problem 7-12 7-12 Comprehensive Ratio Calculations The Kretovich Company had a quick ratio of 1.4, a current ratio of 3.0, a days sales outstanding of 36.5 days (based on a 365-day year), total current assets of $810,000, and cash and marketable securities of $120,000. What were Kretovich's annual sales