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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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