Answered

Get the most out of your questions with IDNLearn.com's extensive resources. Discover the information you need quickly and easily with our reliable and thorough Q&A platform.

At the end of 2017, Stacky Corp. had $500,000 in liabilities and a debt-to-assets ratio of 0.5. For 2017, Stacky had an asset turnover of 3.0. What were annual sales At the end of 2017, Stacky Corp. had $500,000 in liabilities and a debt-to-assets ratio of 0.5. For 2017, Stacky had an asset turnover of 3.0. What were annual sales for Stacky in 2017

Sagot :

Chilljain33idn

The annual sales for Stacky Corp. at for the year 2017 will amount to $3,000,000.

What is annual sales?

The total amount of products sold throughout a financial year by a corporation is known as the annual sales of such corporation.

Using the given information, it can be ascertained that:

Debt-to-Equity Ratio of 0.5 and liabilities of $500,000 means that firm's assets will be, $1,000,000. Calculating further,

[tex]\rm Asset\ Turnover\ Ratio = \dfrac{Sales}{Assets}[/tex]

Using the given formula, it can be ascertained that the total annual sales of the Stacky Corp for the year 2017 will be $3,000,000.

Hence, the annual sales of the corporation is calculated as above.

Learn more about annual sales here:

https://brainly.com/question/8875559

#SPJ1

We greatly appreciate every question and answer you provide. Keep engaging and finding the best solutions. This community is the perfect place to learn and grow together. IDNLearn.com has the solutions to your questions. Thanks for stopping by, and come back for more insightful information.