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Problem 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 33.0
Problem 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 33.0 days (based on a 365-day year), total current assets of $690,000, and cash and marketable securities of $110,000. What were Kretovich's annual sales? Round your answer to the nearest cent. Do not round intermediate calculations
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