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A firm reported working capital of $5.5 million and fixed assets of $20 million. Its fixed asset turnover was 1.2 times. What was the firm's sales to working capital ratio?
A firm reported working capital of $5.5 million and fixed assets of $20 million. Its fixed asset turnover was 1.2 times.
Expert Answer
To calculate the sales to working capital ratio, we first need to calculate the sales and the workin
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Related Book For 
Income Tax Fundamentals 2013
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
ISBN: 9781285586618
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