An enterprise has total assets turnover of 3.5 times and a total debt to total assets ratio of 70%. If the firm has a total debt of $1,000,000, what is the amount of its sales?
An enterprise has total assets turnover of 3.5 times and a total debt to total assets ratio of 70%. If the firm has a total debt of $1,000,000, what is the amount of its sales?
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 12P: The Kretovich Company had a quick ratio of 1.4, a current ratio of 3.0, a days’ sales outstanding of...
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