Snowless Winters Inc.s only assets are inventory of $125,000, net fixed assets of $157,250, cash of $65,000,
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Snowless Winters Inc.’s only assets are inventory of $125,000, net fixed assets of $157,250, cash of $65,000, and receivables of $45,000. On average, it takes Snowless Winters 21.87 days to collect its receivables and all of its sales are on credit.
What much in sales does the company have for every dollar of total assets if the company’s profit margin is 16.2 percent and 80 percent of its sales are on credit?
Related Book For
Intermediate Accounting principles and analysis
ISBN: 978-0471737933
2nd Edition
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
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