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Blue Ridge Industries has total current assets of $15,500,000, current liabilities of $6,800,000, and a quick ratio of 0.85. What is its level of inventory?

Blue Ridge Industries has total current assets of $15,500,000, current liabilities of $6,800,000, and a quick ratio of 0.85. What is its level of inventory?

Managerial Accounting: The Cornerstone of Business Decision-Making
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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What is its level of inventory on this accounting question?

Blue Ridge Industries has total current assets of $15,500,000, current liabilities of $6,800,000, and a quick ratio of 0.85. What is its level of inventory?
Transcribed Image Text:Blue Ridge Industries has total current assets of $15,500,000, current liabilities of $6,800,000, and a quick ratio of 0.85. What is its level of inventory?
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