Multiple Choice
What is the inventory turnover ratio for ABC Corp.if cost of goods sold equals $5,000, current ratio equals 3.0, quick ratio equals 1.5, and the firm has 1,800 in current assets?
A) 4.25
B) 5.56
C) 6.75
D) 7.85
Correct Answer:
Verified
Correct Answer:
Verified
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