Multiple Choice
Perry Technologies Inc. had the following financial information for the past year: Inventory turnover = 8
Quick ratio = 1.5
Sales = $860,000
Current ratio = 1.75
What were Perry's current liabilities?
A) $430,000
B) $500,000
C) $107,500
D) $ 61,429
E) $573,333
Correct Answer:
Verified
Correct Answer:
Verified
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