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Problem:

A firm has net working captial of $349, net fixed assets of $2,389, sales of $6,000, and current liabilites of $8,000.

Required:

Question: How many dollars worth of sales are generated from every $1 in total assets?

Note: Show all workings.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M91170881

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