Asset Management and Debt Management Ratios Use the Following Information

question 61

Multiple Choice

Asset Management and Debt Management Ratios 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