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A firm has net working capital of $460, net fixed assets of $2,206, sales of $5,700, and current liabilities of $770. how many dollars worth of sales are generated from every $1 in total assets? $1.67 $1.92 $2.58 $1.66 $2.14

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Kalahira
Working capital = $460 Fixed assets = $2,206 Sales = $5,700 Current Liabilities = $770 The amount that is going out = $460 + $770 = $1230 Total assets including invested = $2,206 + $1230 = $3,436 Total assets turnover for every $1 = Sales/Total invested = $5,700/$3,436 = $1.66

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