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:

Enumeration Statement

In programming, an enumeration is a data type allowing variables to be assigned names to integral constants, making the code more readable.

User-created Identifier

A name defined by the programmer that represents variables, functions, or other entities within the code.

Enumeration

A user-defined data type in programming that consists of a set of named integer constants.