Question: Question 4 3 pts ABC Corp. had a quick ratio of 1.8, a current ratio of 3.4, a days' sales outstanding of 35 (based on

Question 4 3 pts ABC Corp. had a quick ratio of

Question 4 3 pts ABC Corp. had a quick ratio of 1.8, a current ratio of 3.4, a days' sales outstanding of 35 (based on a 365-day year), total current assets of $725,000, and cash and marketable securities of $60,000. What were ABC's annual sales? $3,028,125 $3,287,967 $3,377,017 C$3,368,823

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Schmears Inc. is a catalog retailer of men's shirts. Daily demand for a particular SKU (style and size) is Poisson with mean 1.5. It takes three days for a replen- ishment order to arrive from...

Please give me an accurate answer for C & D Question 2 (30 Points) Data for Barry Computer Company and its industry averages follow. a. Calculate the indicated ratios for Barry. b. Construct the...

Comprehensive Ratio Analysis The Jimenez Corporation's forecasted 2020 financial statements follow, along with some industry average ratios. Jimenez Corporation: Forecasted Balance Sheet as of...

Comprehensive Ratio Analysis The Jimenez Corporation's forecasted 2019 financial statements follow, along with some industry average ratios. Jimenez Corporation: Forecasted Balance Sheet as of...

USING THIS TABLES; FILL IN THE VALUES OF THIS TABLE. BALANCE SHEET 2018-12-31 2017-12-31 2016-12-31 2015-12-31 Current Assets 41,625 42,574 34,775 44,341 Inventory Investments 399,380 344,322 339,696...

Use this template for this question. (Reference how to complete assignments form a Google sheet template here if needed.) See the bottom of the assignment for spreadsheet tips. You are considering...

For this assignment, you need to complete this spreadsheet. Please make your OWN COPY of this spreadsheet in order to edit it. Please see Completing Assignments from Google Sheet Template for how to...

Can you check the ratios at the bottom of the screenshot? C H D Munch Manufacturing Income Statement Fiscal Year Ending Sept. 30, 2019 All figures in thousands except per share figures Cash...

ABC Corp. had a quick ratio of 1.75, a current ratio of 3.2, a days' sales outstanding of 36.5 (based on a 365-day year), total current assets of $700,000, and cash and marketable securities of...

ABC Corp. had a quick ratio of 2.0, a current ratio of 4.1, a days' sales outstanding of 30 (based on a 365-day year), total current assets of $800,000, and cash and marketable securities of...

Refer to Problem 11. Assume that a preliminary study has shown that 70% of the students surveyed at this college are dissatisfied with the current online registration system. How large a sample...

A theoretical force balance for the control valve shown in Figure can be expressed as Assuming the second-order differential equation is linear, find values of the coefficients of the equation (in...

urse Question 1 0 1 pts grity port Thinking about the International Fisher Effect, we are given that the risk free rate in the US is 7 % and the inflation rate in the US is 3 % . What would be the...

A company is preparing completing their Cash Budget. The following data has been prepared for cash receipts and payments. January February March Cash receipts $1,061,200 $1,182,400 $1,091,700 Cash...