J&K Corp. has current liabilities of $565,000, a quick ratio of 0.93, inventory turnover of 5.8, and a current ratio of 2.4. What is the cost of goods sold for for the company?
J&K Corp. has current liabilities of $565,000, a quick ratio of 0.93, inventory turnover of 5.8, and a current ratio of 2.4. What is the cost of goods sold for for the company?
Chapter10: Inventory
Section: Chapter Questions
Problem 16EA: Compute Altoona Companys (a) inventory turnover ratio and (b) number of days sales in inventory...
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What is the cost of goods sold for the company ?
Transcribed Image Text:J&K Corp. has current liabilities of
$565,000, a quick ratio of 0.93,
inventory turnover of 5.8, and a
current ratio of 2.4. What is the
cost of goods sold for
for the
company?
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