Bentley and Moore has net working capital of $6,900, net fixed assets of $86,100, sales of $156,000, and current liabilities of $41,700. How many dollars' worth of sales are generated from every $1 in total assets?
A) $1.13
B) $1.16
C) $1.22
D) $1.25
E) $1.27

Question

Quizplus · Accepted Answer

To find the sales generated per dollar of total assets, first calculate total assets: Total Assets = Net Working Capital + Net Fixed Assets + Current Liabilities = $6,900 + $86,100 + $41,700 = $134,700. Then, divide sales by total assets: $156,000 / $134,700 ≈ $1.16.

Bentley and Moore Has Net Working Capital of $6,900, Net