Answered: Marriott Corp. has current liabilities…

Marriott Corp. has current liabilities of $520,000, a quick ratio of 0.95, an inventory turnover of 6.2, and a current ratio of 2.1. What is the cost of goods sold for the company?

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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Question

Financial Accounting

Marriott Corp. has current liabilities of $520,000, a quick ratio of
0.95, an inventory turnover of 6.2, and a current ratio of 2.1.
What is the cost of goods sold for the company?

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