Problema firm has sales of 2 million per year its current, Ask an Expert

Accounting

Problem:

A firm has sales of $2 million per year. Its current assets total $5 million and it current liabilities total $2 million.

Required:

Question: What is the firm's Sales to working capital ratio?

0.67 times
0.41 times
0.59 times
0.22 times

Note: Provide support for rationale.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91170109

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