A firm reports a current ratio of 2 and a quick ratio of 1.2.The firm has total current assets of $4,000.If the firm reports cost of goods sold at $25,000 for the given year,what is the average age of their inventory?
A) 12.35 days
B) 15.63 days
C) 18.24 days
D) 23.36 days
Correct Answer:
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Q89: NARRBEGIN: Exhibit 2-1
Exhibit 2-1
The tax schedule for
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Q95: NARRBEGIN: Exhibit 2-1
Exhibit 2-1
The tax schedule for
Q96: Which of the following statements is FALSE?
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