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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?

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
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 the cost of goods sold for the company on these accounting question?

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?
Transcribed Image Text: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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