Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Kretovich Company had a quick ratio of 1.4, a current ratio of 3.0, a days sales outstanding of 36.5 days (based on a 365-day

The Kretovich Company had a quick ratio of 1.4, a current ratio of 3.0, a days sales outstanding of 36.5 days (based on a 365-day year), total current assets of $810,000 and cash and marketable securities of $120,000. What were Kretovichs annual sales?

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

The Handbook Of Fixed Income Securities

Authors: Frank Fabozzi, Steven Mann, Francesco Fabozzi

9th Edition

1260473899, 978-1260473896

More Books

Students also viewed these Finance questions

Question

calculate value of t and y if p = 1 0 1 . 3 kpa x = 0 . 8 5

Answered: 1 week ago

Question

d. What language(s) did they speak?

Answered: 1 week ago