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4.  Problem 3-12 (Comprehensive Ratio Calculations) Comprehensive Ratio Calculations The Kretovich Company had a quick ratio of...

4.  Problem 3-12 (Comprehensive Ratio Calculations)

Comprehensive Ratio Calculations

The Kretovich Company had a quick ratio of 1.3, a current ratio of 4.0, a days sales outstanding of 36.5 days (based on a 365-day year), total current assets of $900,000, and cash and marketable securities of $110,000. What were Kretovich's annual sales? Do not round intermediate calculations. Round your answer to the nearest dollar.

$ ______________

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jeff jeffy answered 6 months ago
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