Beach Wear has current liabilities of $350,000, 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?
A) $1,980,500
B) $1,760,750
C) $1,950,000
D) $2,056,250
E) $1,560,000

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The Answer of Beach Wear has current liabilities of $350,000, 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?
A) $1,980,500
B) $1,760,750
C) $1,950,000
D) $2,056,250
E) $1,560,000

Beach Wear Has Current Liabilities of $350,000, a Quick Ratio