calculate the firm’s total annual sales

Question

Oct 29, 2007, 08:50 AM

Antbowen

New Member

Join Date: Oct 2007

Posts: 2

calculate the firm’s total annual sales

You have the following information on the You Can Do It Corp.:

Current liabilities $100000
Current ratio 2.0
Quick ratio 1.4
Inventory turnover 6x
Gross profit margin .20

Given these figures, calculate the firm’s total annual sales (assume that all sales are on credit). Show each step and all formulas.

Answer this Question Ask about Accounting

« Previous Thread | Next Thread »

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Similar Sponsors

Similar Threads
Question	Asker	Forum	Answers	Last Post
How do you calculate GP to Sales in the following	angelamcc2007	Accounting	0	May 25, 2007 03:23 AM
High Pressure Sales with Private Sales Clubs	jatman	Other Law	4	May 22, 2007 05:01 PM
annual interest	earnit	Accounting	1	May 18, 2007 11:03 AM
Total cash proceeds from sales of plant assets	Saf	Accounting	0	Feb 9, 2007 04:53 PM
Annual payment	omsokolova	Finance & Accounting	0	Dec 17, 2006 03:19 PM



At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to: Get free answers from experts in any of our 300+ topics. Accept money for answers that you provide. Communicate privately with other members (PM). See fewer ads. Sign Up!