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:

Gold Bars

Solid bars of gold, typically standardized in weight, that are bought, sold, and stored as investment and reserve assets.

OZ Mining

No real definition found under this specific key term, suggesting it could refer to mining activities in Australia, denoted by "OZ."

User Cost

The cost associated with the use of a product or service, including wear and tear, depreciation, or opportunity cost.

Nonrenewable Resource

Natural resources, such as coal, oil, and natural gas, that cannot be replenished at a sustainable rate once consumed.