Valiant Electronics has current liabilities of $500,000, a quick ratio of 0.85, an inventory turnover of 6.2, and a current ratio of 2.1. What is the cost of goods sold for the company?
Valiant Electronics has current liabilities of $500,000, a quick ratio of 0.85, an inventory turnover of 6.2, and a current ratio of 2.1. What is the cost of goods sold for the company?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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what is the cost of goods sold for the company ??
Transcribed Image Text:Valiant Electronics has current liabilities of $500,000, a quick
ratio of 0.85, an inventory turnover of 6.2, and a current
ratio of 2.1.
What is the cost of goods sold for the company?
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