Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Help please! Comprehensive Ratio Calculations The Kretovich Company had a quick ratio of 1.4, a current ratio of 2.5, a days sales outstanding of 36.5

image text in transcribedHelp please!

Comprehensive Ratio Calculations The Kretovich Company had a quick ratio of 1.4, a current ratio of 2.5, a days sales outstanding of 36.5 days (based on a 365-day year), total current assets of $687,500, and cash and marketable securities of $120,000. 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

Handbook Of Key Global Financial Markets Institutions And Infrastructure

Authors: Gerard Caprio

1st Edition

0123978734, 9780123978738

More Books

Students also viewed these Finance questions

Question

2. What potential barriers would you encourage Samuel to avoid?

Answered: 1 week ago