Question
The financial manager of a company needs to measure how efficiently the companys total assets are being used to generate sales. From the information given
The financial manager of a company needs to measure
how efficiently the companys total assets are being used to generate sales. From the information given below, calculate the relevant ratio he needs for this purpose.
Cash
$220,000
Accounts receivable
1,800,000
Inventory
950,000
Plant and equipment
1,330,000
Sales
10,000,000
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
11th edition
134141083, 978-0134141084
