Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 02 (25 marks) calculate sales given the following

02 (25 marks) Calculate sales given the following data. Total fixed assets $400,000; long-term liabilities...

70.2K

Verified Solution

Question

Accounting

image

02 (25 marks) Calculate sales given the following data. Total fixed assets $400,000; long-term liabilities $155,000; total liabilities $280,000; total shareholders' equity $320,000, net working capital turnover 20. (show all the necessary steps in calculations)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

1. An engineer designed a valve that will regulate water pressure on an automobile engine. The...

Basic Math
Q

1 Two springs of spring constants 500 N m and 500 N m 1 are...

Physics
Q

50 77 to the nearest tenth The number 160 77 rounded to the

Basic Math
Q

156 A 6 f x 3 9x 2 g x 1 x 2 4 TROCA...

Basic Math
Q

Daenerys Targaryen is the CEO of Dragon Treats, Inc., a company that specializes in providing...

Accounting
Q

Why do the vast majority of firms use the perpetual method?

Accounting
Q

In a statement of cash flows (indirect method), which of the following are deducted from...

Accounting
Q

25. Congressional bills which become law after negotiating their way through the legislative process become...

Accounting
Q

not sure how to go about this, could someone do a step by step with...

Accounting
Q

Scroll down to complete all parts of this task. In Year 1, Virginia Day purchased...

Accounting
Q

Topics 1 to 3 - Consolidation: Principles, accounting requirements, intra-group transactions and non-controlling interests Parent...

Accounting
Q

Ahmad Company applies the same 8 accounting treatment to similar events from period to period,...

Accounting