Answered: A company has the following financial…

A company has the following financial information: . Quick Ratio: 0.95 • Current Assets: $245,000 • Current Liabilities: $168,000 What is the amount in the company's inventory account?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 56P: The following selected information is taken from the financial statements of Arnn Company for its...

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Given financial accounting question answer

A company has the following financial information:
.
Quick Ratio: 0.95
•
Current Assets: $245,000
•
Current Liabilities: $168,000
What is the amount in the company's inventory account?

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