Question: Highly Suspect Corp. has current liabilities of $417,000, a quick ratio of 1.20, an inventory turnover of 4.30, and a current ratio of 3.80. What is the cost of goods sold for the company? a. $4,662,060 b. $1,301,040 c. $6,813,780 d. $500,400 e. $1,355,250
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- Need help with this questionBeach Wear has current liabilities of RM350,000, a quick ratio of 1.65, inventory turnover of 4.7, and a current ratio of 2.9. What is the cost of goods sold? Select one: a. RM2,056,250 b. RM1,760,750 c. RM1,950,000 d. RM1,980,500Highly Suspect Corp. has current liabilities of $417,000, a quick ratio of 1.10, inventory turnover of 3.60, and a current ratio of 3.30. What is the cost of goods sold for the company? Multiple Choice $3,302,640 $1,009,140 $1,146,750 $458,700 $4,953,960
- What is the inventory turnover ratio for ABC Corp. if cost of goods sold equals $5,000, current ratio equals 3, quick ratio equals 1.5, and the firm has $1,800 in current assets? A. 2.78 times B. 4.17 times C. 5.56 times D. 8.33 timesCalculate the value of cost of goods sold for Benson's Brewing Company given the following information: Current liabilities = $540,000; Quick ratio = 1.8; Inventory turnover = 6.0; Current ratio = 2.3. Select one: a. $1,620,000 b. $3,999,999 c. $3,060,000 d. $2,180,222 e. $2,040,000Highly Suspect Corp. has current liabilities of $409,000, a quick ratio of 1.40, inventory turnover of 4.00, and a current ratio of 3.50. What is the cost of goods sold for the company?