Oriole corporation has current liabilities of $432,000, a quick ratio of 1.6, inventory turnover of 4.7, and a current ratio of 3.4. What is the cost of goods sold for Oriole Corporations? Cost of Goods sold ?
Financial Ratios
A Ratio refers to a figure calculated as a reference to the relationship of two or more numbers and can be expressed as a fraction, proportion, percentage, or the number of times. When the number is determined by taking two accounting numbers derived from the financial statements, it is termed as the accounting ratio.
Return on Equity
The Return on Equity (RoE) is a measure of the profitability of a business concerning the funds by its stockholders/shareholders. ROE is a metric used generally to determine how well the company utilizes its funds provided by the equity shareholders.
Oriole corporation has current liabilities of $432,000, a quick ratio of 1.6, inventory turnover of 4.7, and a current ratio of 3.4. What is the cost of goods sold for Oriole Corporations?
Cost of Goods sold ?
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