IIA Exam IIA-CIA-Part3-3P Topic 11 Question 9 Discussion

Actual exam question for IIA's IIA-CIA-Part3-3P exam

Question #: 9
Topic #: 11

An organization has a total asset turnover of 3.0 times and a total debt-to-total assets ratio of 80 percent. If the organization has total debt of $1 000 000 what is the organization's sales level?

A$266.667

B$416,667

C$3.750.000

D$5 000.000

Show Suggested Answer

Suggested Answer: C

by Mitsue at May 08, 2022, 03:02 PM

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