Answered: Blue Ocean Corp. has total current…

Blue Ocean Corp. has total current assets of $15,600,000, current liabilities of $6,500,000, and a quick ratio of 0.88. What is its level of inventory?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 7P: Ace Industries has current assets equal to 3 million. The companys current ratio is 1.5, and its...

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Blue Ocean Corp. has total current assets of $15,600,000, current
liabilities of $6,500,000, and a quick ratio of 0.88. What is its level of
inventory?

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