A Firm Has Net Working Capital of $2,715,net Fixed Assets

question 37

Multiple Choice

A firm has net working capital of $2,715,net fixed assets of $22,407,sales of $31,350,and current liabilities of $3,908.How many dollars worth of sales are generated from every $1 in total assets?

• A)$1.08
• B)$1.14
• C)$1.19
• D)$1.26
• E)$1.30

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Definitions:

Merger

The combination of two or more companies into a single company, where they operate as a single legal entity.

Management Bonus

Additional compensation awarded to managers or executives, often linked to performance criteria or achievements.

Dollar Volume

The total value of shares traded over a specific time period.

TSX

The Toronto Stock Exchange, a major stock exchange located in Toronto, Canada.