Multiple Choice
Calculate the current ratio given the following information: current liabilities = $55,000; sales = $250,000; cost of goods sold = $120,000; cash ratio = 0.91; accounts receivable turnover = 6.25; inventory turnover = 2.
A) 2.63
B) 2.73
C) 2.83
D) 2.93
E) 3.03
Correct Answer:
Verified
Correct Answer:
Verified
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