• Crockett Electronics has a quick ratio of 2.00x, $29,475 in cash, $16,375 in accounts receivable, some inventory, total current assets of $65,500, and total current liabilities of $22,925. The company reported annual sales of $700,000 in the most recent annual report. Over the past year, how often did Crockett Electronics sell and replace its inventory? O 35.62x O 2.86x O 39.18x O8.01x

• Crockett Electronics has a quick ratio of 2.00x, $29,475 in cash, $16,375 in accounts receivable, some inventory, total current assets of $65,500, and total current liabilities of $22,925. The company reported annual sales of $700,000 in the most recent annual report. Over the past year, how often did Crockett Electronics sell and replace its inventory? O 35.62x O 2.86x O 39.18x O8.01x

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter2: Analysis Of Financial Statements

Section: Chapter Questions

Problem 12PROB

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