provide answer need with correct option please provide it too fast Nikola Motors has a quick ratio of 2.00; $38,250 in cash; $21,250 inaccounts receivable; some inventory; total current assets of $85,000; andtotal current liabilities of $29,750. In its most recent annual report, Nikolareported annual sales of $100,000 and a cost of goods sold equal to 65% ofannual sales. How many times is Nikola Motors selling and replacing itsinventory?a. 2.55xb. 3.92xc. 0.35xd. 2.805x

Step 1: Given Information:Quick ratio: 2.00Current assets: $85,000Current liabilities: $29,750Annual…

Answered: Nikola Motors has a quick ratio of…

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter2: Analysis Of Financial Statements

Section: Chapter Questions

Problem 12PROB

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D
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