Multiple Choice
Determine the cost of sales for a firm with the following financial ratios and data: Current ratio = 3.0; Quick ratio = 2.0; Current liabilities $1,000,000; Inventory turnover 6 times
A) $2,000,000
B) $6,000,000
C) $3,000,000
D) $1,000,000
Correct Answer:
Verified
Correct Answer:
Verified
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