Question
The Kretovich Company had a quick ratio of 3.5, a current ratio of 5.0, a days sales outstanding of 14.6 (based on a 365-day year),
The Kretovich Company had a quick ratio of 3.5, a current ratio of 5.0, a days sales outstanding of 14.6 (based on a 365-day year), total current assets of $10,000, and cash and marketable securities of $5,000. What were Kretovichs annual sales?
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Financial Accounting The Impact On Decision Makers
Authors: Gary A. Porter, Curtis L. Norton
6th Edition
0324655231, 978-0324655230
