A frim has net working capital of $509, net fixed assets of $2,336, sales of $7,000 and current liabilities of $900. How many dollars worth of sales are generate from every $1 in total assets? $3.00 $1.83 $1.53 $2.16 $2.39

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter5: Completing The Accounting Cycle
Section: Chapter Questions
Problem 16MC: If current assets are $100,000 and current liabilities are $42,000, what is the working capital? A....
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A frim has net working capital of $509, net fixed assets of $2,336, sales of $7,000 and current liabilities of $900. How many dollars worth of sales are generate from every $1 in total assets?

  1. $3.00
  2. $1.83
  3. $1.53
  4. $2.16
  5. $2.39
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