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Problem:

A firm has net working capital of $440, net fixed assets of $2,186, sales of $5,500, and current liabilities of $750. How many dollars worth of sales are generated from every $1 in total assets?

A. $1.70

B. $2.52

C. $1.63

D. $1.87

E. $2.09

Explain comprehensively and also show all workings.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M91146926

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