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) 2.78 times
B) 4.17 times
C) 5.56 times
D) 8.33 times
Correct Answer:
Verified
Correct Answer:
Verified
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