Multiple Choice
Oliver Incorporated has a current ratio = 1.6, and a quick ratio equal to 1.2. The company has $2 million in sales and its current liabilities are $1 million. What is the company's inventory turnover ratio?
A) 5.0
B) 5.2
C) 5.5
D) 6.0
E) 6.3
Correct Answer:
Verified
Correct Answer:
Verified
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