Answered: Blue Horizon Ltd. has total current…

Blue Horizon Ltd. has total current assets of $15,500,000, current liabilities of $7,200,000, and a quick ratio of 0.85. What is its level of inventory?

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 15BEA: Last year, Nikkola Company had net sales of 2,299,500,000 and cost of goods sold of 1,755,000,000....

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Question

What is it's level of inventory on this accounting question?

Blue
Horizon Ltd. has total current assets of
$15,500,000, current liabilities of $7,200,000, and a
quick ratio of 0.85. What is its level of inventory?

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