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The Green Fiddle Has Current Liabilities of $28,000, Sales of $156,900

Question 82

Multiple Choice

The Green Fiddle has current liabilities of $28,000, sales of $156,900, and cost of goods sold of $62,400. The current ratio is 1.22 and the quick ratio is .71. How many days on average does it take to sell the inventory?


A) 128.13 days
B) 74.42 days
C) 199.81 days
D) 147.46 days
E) 83.53 days

Correct Answer:

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