Use the Following Information to Calculate Current Assets: Sales =

question 75

Multiple Choice

Use the following information to calculate current assets: sales = $12 million, capital intensity ratio = 4 times, debt ratio = 45 percent, and fixed asset turnover ratio = 2.5 times.

• A) $4.8m
• B) $21.6m
• C) $43.2m
• D) $48m

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Definitions:

Yield To Maturity

The total return anticipated on a bond if held until its maturity date.

Intrinsic Value

The actual value of a company, stock, currency, or product determined through fundamental analysis without reference to its market value.

Annual

Pertaining to something that happens every year or is calculated over a year's time.

Coupon Rate

An annual interest percentage paid by a bond, based on its face value.