A small cruising ship that can hold up to 64 people provides three-day excursions to groups of 40 or more. if the group contains
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The annual sales for Stacky Corp. at for the year 2017 will amount to $3,000,000.
<h3>What is annual sales?</h3>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,
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.
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