Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. the kretovich company had a quick ratio of 1.1, a

The Kretovich Company had a quick ratio of 1.1, a current ratio of 3.5, a days'...

90.2K

Verified Solution

Question

Finance

The Kretovich Company had a quick ratio of 1.1, a current ratioof 3.5, a days' sales outstanding of 32.0 days (based on a 365-dayyear), total current assets of $630,000, and cash and marketablesecurities of $115,000. What were Kretovich's annual sales? Do notround intermediate calculations. Round your answer to the nearestcent.

Answer & Explanation Solved by verified expert
3.7 Ratings (611 Votes)
Current ratio Current assets Current liabilities 35 630000 Current liabilities Current liabilities 630000    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

The Kretovich Company had a quick ratio of 1.1, a current ratioof 3.5, a days' sales outstanding of 32.0 days (based on a 365-dayyear), total current assets of $630,000, and cash and marketablesecurities of $115,000. What were Kretovich's annual sales? Do notround intermediate calculations. Round your answer to the nearestcent.

Other questions asked by students

Q

Choose either the olfactory or taste system and describe its organization. What are the receptors? What...

Medical Sciences
Q

How could conservative populism be easily be tipped into extremism?

Psychology
Q

An electron starts from rest 27.0 cm from a fixed point charge with Q = -8.00...

Physics
Q

In Section 19 of Walden Thoreau says, "The setting sun is reflected from the windows...

Biology
Q

An environmental agency worries that many cars may be violating clean air emissions standards The...

Statistics
Q

A website provides data on the on time performance of airlines Suppose that the tables...

Statistics
Q

Write the expression as a sum and or difference of logarithms Express powers as factors...

Calculus
Q

According to the Henderson s equation pOH pK log bisa NH4 2SO4 NH OH ele...

Algebra
Q

1 Calculate each missing item in the chart Principal a 250 b 925 c 1387...

Algebra
Q

This is accounting i need help with

Accounting
Q

A: Determine the net income for July using the cash basis of accounting. Could...

Accounting
Q

A doctor wants to be sure he has enough liability coverage on his home and...

Finance