Answered: what is the amount of its sales?

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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 7P: Ace Industries has current assets equal to 3 million. The companys current ratio is 1.5, and its...

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An enterprise has total asset turnover of 3.5 times and a total debt to total assets ratio of 70%. If the firm has a total debt of $1,000,000.00, what is the amount of its sales?

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