What were kretovich annual sales

Assignment Help Finance Basics
Reference no: EM131959898

Question: Comprehensive Ratio Calculations The Kretovich Company had a quick ratio of 1.2, a current ratio of 2.5, an inventory turnover of 7 times, total current assets of dollar 820,000, and cash and marketable securities of dollar 100,000. Assume a 365-day year.

1. What were Kretovich's annual sales? Round your answer to the nearest cent dollar

2. What was its DSO? days

Reference no: EM131959898

Questions Cloud

Compute the traditional payback period : Compute both the traditional payback period (PB) and the discounted payback period (DPB) for a project that costs $270,000 if it is expected to generate.
Financial statement analysis for american heart association : What is financial statement analysis for the american heart association? Select one of the ratios as your topic for discussion.
Discuss the most appropriate form of ownership : Determine if it would make more sense to open the new business you describe or to purchase the existing business you selected. Explain your reasoning.
Establish the relevance of your writing beyond simple fact : Introduction should establish the relevance of your writing beyond the simple fact of the assignment. Information may come from other sources.
What were kretovich annual sales : Comprehensive Ratio Calculations The Kretovich Company had a quick ratio of 1.2, a current ratio of 2.5, an inventory turnover of 7 times.
Describe the relationship between strategy and structure : Explain the use of three versions of the multidivisional (M-form) structure to implement different diversification strategies.
Debt management ratios : Debt Management Ratios Tierre's Ts, Inc. reported a debt to equity ratio of 3.5 times at the end of 2008. how much of their assets are financed with equity?
Identify the processes that the leaders are using : Leadership and Ethics for Managers-MGT615: Identify the processes that the leaders and top management team are using or have used to impact their organization.
Bonds has higher interest rate sensitivity : Which of the following bonds has a higher interest rate sensitivity?

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd