A firm reported working capital of $5.5 million and fixed assets of $20 million. Its fixed asset

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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?

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Mar 23, 2023 11:28 PM

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A firm reported working capital of $5.5 million and fixed assets of $20 million. Its fixed asset

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To calculate the sales to working capital ratio we first need to calculate the sales and the working ... View the full answer

Income Tax Fundamentals 2013

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