Western Wear Has Net Working Capital of $3,500,net Fixed Assets

question 63

Multiple Choice

Western Wear has net working capital of $3,500,net fixed assets of $42,000,sales of $69,000,and current liabilities of $9,800.From each $1 in total assets,the firm generates sales of:

• A)$1.43
• B)$1.52
• C)$1.25
• D)$1.64
• E)$1.39

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Definitions:

Semi-Annual Interest

Interest on a loan or investment calculated twice a year.

Inflation

The rate at which the general level of prices for goods and services rises, eroding purchasing power.

Semi-Annual Coupon

A bond or fixed-income security that pays interest to its holder twice a year.

Yield To Maturity

The total return expected on a bond if held until the end of its lifetime.