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A Firm Has Net Working Capital of $600,net Fixed Assets

Question 49

Multiple Choice

A firm has net working capital of $600,net fixed assets of $2,400,sales of $8,000,and current liabilities of $800. How many dollars worth of sales are generated from every $1 in total assets?


A) $2.11
B) $2.32
C) $3.73
D) $4.52
E) $6.70

Correct Answer:

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