Western Wear Has Net Working Capital of $5,200,net Fixed Assets

question 19

Multiple Choice

Western Wear has net working capital of $5,200,net fixed assets of $128,000,sales of $114,000,and current liabilities of $9,800.From each $1 in total assets,the firm generates sales of

• A)$1.25
• B)$1.52
• C)$0.80
• D)$0.66
• E)$1.29

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Definitions:

Lottery

A form of gambling that involves the drawing of numbers at random for a prize, often conducted by states or organizations.

Interest Rate

The percentage of a sum of money charged for its use, typically expressed as an annual percentage rate.

Income

The financial gain or money received by an individual or entity, typically through wages, investments, or business operations.

Normal Goods

Goods for which demand increases as the income of the consumer increases.