The Kretovich Company had a quick ratio of 1.0, a current ratio of 3.5, a days' sales outstanding of 36.5 days (based on a 365-day year), total current assets of $980,000, and cash and marketable securities of $115,000. What were Kretovich's annual sales

Total sales = $1650000

Explanation:

Below is the given values:

Quick ratio = 1.0

Current ratio = 3.5

Current assets = $980000

Marketable security = $115000

Current ratio=Current assets/Current liabilities

3.5 = 980000 / Current liabilities

Current liabilities = 980000/3.5

Current liabilities = 280000

Quick ratio=Quick assets/Current liabilities

1.0 =Quick assets/280000

Quick assets = 1.0 x 280000 = 280000

Quick assets = Marketable security + Accounts receivable

Accounts receivable =  280000 - 115000

Accounts receivable = $165000

Days sales outstanding=(Accounts receivable/Total sales)*Days in a period

36.5 = (165000 / total sales ) x 365

Total sales=$165,000/(36.5 days/365 days

Total sales = $1650000

they can see what that city is producing and to also see if they can some how get that product. like gold in africa.

the answer would be voluntary exchange -

"the act of buyers and sellers freely and willingly engaging in market transactions. moreover, transactions are made in such a way that both the buyer and the seller are better off after the exchange than before it occurred."

hope this : )

-shy