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Problem:

The Kretovich Company had a quick ratio of 1.4, a current ratio of 3.0, a day sales outstanding of 36.5 (based on a 365 days year), total current assets of $810,000, and cash and marketable securities of $120,000.

Required:

Question: What were Kretivich's annual sales?

Note: Please show how you came up with the solution.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M91149580

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