Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

eBook Comprehensive Ratio Calculations The Kretovich Company had a quick ratio of 1 . 1 , a current ratio of 2 . 5 , a

eBook
Comprehensive Ratio Calculations
The Kretovich Company had a quick ratio of 1.1, a current ratio of 2.5, a days sales outstanding of 36.5 days (based on a 365-day year), total current assets of $500,000, and cash and marketable securities of $95,000. 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

Global Corporate Finance A Focused Approach

Authors: Suk Hi Kim, Kenneth A Kim

2nd Edition

9814618004, 9789814618007

More Books

Students also viewed these Finance questions

Question

1. What questioning techniques are used, and their effectiveness.

Answered: 1 week ago