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Two Sisters Dresses Has Net Working Capital of $43,800,net Fixed

Question 13

Multiple Choice

Two Sisters Dresses has net working capital of $43,800,net fixed assets of $232,400,net income of $43,900,and current liabilities of $51,300.The tax rate is 21 percent and the profit margin is 9.3 percent.How many dollars of sales are generated from every $1 in total assets?


A) $1.44
B) $1.32
C) $1.73
D) $.97
E) $1.06

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