✅ The verified answer to this question is available below. Our community-reviewed solutions help you understand the material better.
Winston Washers has a current ratio of 3,0, a quick ratio of 2,4 and an inventory turnover ratio of 6. The company’s total assets are R1 000 000 and its debt ratio is 0,20. The company has no long-term debt. What is company’s sales figure if the total cost of goods sold is 75% of sales?