Multiple Choice
A firm reported working capital of $5.5 million and fixed assets of $20 million. Its fixed asset turnover was 1.2 times. What was the firm's sales to working capital ratio?
A) 2.21 times
B) 4.36 times
C) 5.19 times
D) 6.03 times
Correct Answer:
Verified
Correct Answer:
Verified
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