the Effortless Beauty management has disclosed that the company holds current assets totalling R1 405 000, with a current ratio of 2,7. The cost of goods sold for company is reported as R3 580 000, and it maintains a quick ratio of 1,0. What is the company's inventory turnover? 1. 0,25 times 2. 1,09 times 3. 4,05 times 4.6,70 times
the Effortless Beauty management has disclosed that the company holds current assets totalling R1 405 000, with a current ratio of 2,7. The cost of goods sold for company is reported as R3 580 000, and it maintains a quick ratio of 1,0. What is the company's inventory turnover? 1. 0,25 times 2. 1,09 times 3. 4,05 times 4.6,70 times
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![the
Effortless Beauty management has disclosed that the company holds current assets totalling R1 405 000, with a current ratio of 2,7. The cost of goods sold for
company is reported as R3 580 000, and it maintains a quick ratio of 1,0. What is the company's inventory turnover? 1. 0,25 times 2. 1,09 times 3. 4,05 times 4.6,70
times](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1af8db6e-5434-46b3-880a-876ce79b6981%2F9f773019-e73c-47c6-b5aa-bdbea7abc2cc%2Fyf6k2q_processed.jpeg&w=3840&q=75)
Transcribed Image Text:the
Effortless Beauty management has disclosed that the company holds current assets totalling R1 405 000, with a current ratio of 2,7. The cost of goods sold for
company is reported as R3 580 000, and it maintains a quick ratio of 1,0. What is the company's inventory turnover? 1. 0,25 times 2. 1,09 times 3. 4,05 times 4.6,70
times
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