Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. 4.  problem 3-12 (comprehensive ratio calcul

4.  Problem 3-12 (Comprehensive Ratio Calculations) Comprehensive Ratio Calculations The Kretovich Company had a quick ratio of 1.3, a...

60.1K

Verified Solution

Question

Finance

4.  Problem 3-12 (Comprehensive RatioCalculations)

Comprehensive Ratio Calculations

The Kretovich Company had a quick ratio of 1.3, a current ratioof 4.0, a days sales outstanding of 36.5 days (based on a 365-dayyear), total current assets of $900,000, and cash and marketablesecurities of $110,000. What were Kretovich's annual sales? Do notround intermediate calculations. Round your answer to the nearestdollar.

$ ______________

Answer & Explanation Solved by verified expert
3.8 Ratings (359 Votes)
    See Answer
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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

Use the sample information x¯ = 41, ? = 4, n = 20 to calculate the...

Physics
1.2K views

SolveLancer Test A machine is used to produce magnetic field which creates a magnetic flux...

Basic Math
1.2K views

Find a counterexample to the statement.The sum of a negative number and a positive number...

Statistics
1.2K views

0 Gasoline Prices Suppose that States is 3 73 and in Russia it is 3...

Statistics
1.2K views

Evaluate 298 1 1 3 30 3 5

Calculus
1.2K views

Use the tangent identity to find tan x.sin x = (2?10)/7cos x = 3/7tan x...

Accounting
1.2K views

The Norther Plain Company has prepared department overhead budgets for budgeted-volume levels before allocations as...

Accounting
1.2K views

please answer in detail and working out 8.31 Selected information for...

Accounting
1.2K views

SUNLAND Company Comparative Balance Sheets December 31 \begin{tabular}{|c|c|c|} \hline Assets & 2022 & 2021 \\...

Accounting
1.2K views

Tanner-UNF Corporation acquired as an investment $220 million of 6% bonds, dated July 1, on...

Finance
1.2K views

help with the table please Attempts Keep the Highest/3 6. The estimation of...

Finance
1.2K views

NPV for varying costs of capital LePew Cosmetics is evaluating a new fragrance-mixing machine. The...