Greenfield Enterprises has total current assets of $20,000,000, current liabilities of $9,500,000, and a quick ratio of 0.75. What is its level of inventory?
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- A firm has Sales of $1,030, Net Income of $207, Net Fixed Assets of $506, and Current Assets of $262. The firm has $82 in Inventory. What is the common-size balance sheet value of Inventory?Below is an extract from Aluki Ltd.'s statement of financial position: Total current assets £40,000 Total current liabilities £20,000 If the company’s current ratio is 2:1 and its quick test (or acid ratio) is 1:1, what must the value of inventory be? a) £20,000 b) £40,000 c) £60,000 d) £30,000Corrigan Corporation had beginning inventory of $20,000 and ending inventory of $24,000. Itsnet sales were $164,000 and net purchases were $81,000.12. What is Corrigan’s rate of inventory turnover?a. 3.2 timesb. 3.9 timesc. 3.5 timesd. 4.0 times
- What is the beginning inventory??The following information came from the income statement of the Grouper Company at December 31, 2025: sales revenue $2860000; beginning inventory $176000; ending inventory $264000; and gross profit $660000. What is Grouper' inventory turnover for 2025? O 3.00 times O 3.75 times O 10.00 times O 2.50 timesW&B Corp. has current liabilities of $440,000, a quick ratio of 1.8, inventory turnover of 4.5, and a current ratio of 4.1. What is the cost of goods sold for the company? Cost of goods sold $