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Snowless Winters Inc. s only assets are inventory of $ 1 2 5 , 0 0 0 , net fixed assets of $ 1 5

Snowless Winters Inc.s only assets are inventory of $125,000, net fixed assets of $157,250,
cash of $65,000, and receivables of $45,000. On average, it takes Snowless Winters 21.87 days to
collect its receivables and all of its sales are on credit. What much in sales does the company have
for every dollar of total assets if the companys profit margin is 16.2 percent and 80 percent of its
sales are on credit?
A. $0.93
B. $1.88
C. $2.39
D. $3.06
E. $4.49

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