The Harrisburg Store has net working capital of $2,715, net fixed assets of $22,407, sales of $31,350, and current liabilities of $3,908. How many dollars' worth of sales are generated from every $1 in total assets?
A) $1.08
B) $1.14
C) $1.19
D) $84
E) $93

Question

Quizplus · Accepted Answer

Total assets = Net working capital + Net fixed assets = $2,715 + $22,407 = $25,122. Sales per dollar of total assets = Sales / Total assets = $31,350 / $25,122 = $1.25.

The Harrisburg Store Has Net Working Capital of $2,715, Net