Multiple Choice
Harwichport Company has a current ratio of 3.5 to 1 and an acid-test ratio of 2.8 to 1.Current assets equal $175,000 of which $5,000 consists of prepaid expenses.Harwichport Company's inventory must be:
A) $30,000.
B) $35,000.
C) $40,000.
D) $50,000.
Correct Answer:
Verified
Correct Answer:
Verified
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