Problem on level of inventory
Liquidity ratios: Flying Penguins Corp. has total current assets of $11,845,175, current liabilities of $5,311,020, and a quick ratio of 0.89. What is its level of inventory?
Please use excel spreadsheet whensolving problem.
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Level 1 : Production volume 8100 units, direct materials $494,000, direct labor $110,000, manufacturing overhead $1,000,000. Level 2 : Prouction volume 9000 units, direct materials $550,000, direct labor $120,000, manufacturing overhead $1,000,000
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