Solved

What Are the Annual Sales for a Firm with $400,000

Question 71

Multiple Choice

What are the annual sales for a firm with $400,000 in debt, a total debt ratio of .4, and an asset turnover of 3.0?

A) $1,333,333
B) $1,200,000
C) $1,800,000
D) $3,000,000

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