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Sagot :
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:
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