Determine the cost of sales for a firm with the following
Determine the cost of sales for a firm with the following financial ratios and data:
Current ratio = 3.0; Quick ratio = 2.0; Current liabilities $1,000,000; Inventory turnover 6 times
a. $3,000,000
b. $2,000,000
c. $1,000,000
d. $6,000,000
Expected delivery within 24 Hours
the sales-to-inventory ratioa as a determination of financial performance is good comparison toolb is technically
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