Highly Suspect Corp. has current liabilities of $415,000, a quick ratio of .79, inventory turnover of 9.5,

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Highly Suspect Corp. has current liabilities of $415,000, a quick ratio of .79, inventory turnover of 9.5, and a current ratio of 1.25. What is the cost of goods sold for the company?

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Fundamentals of Corporate Finance

ISBN: 978-1260153590

12th edition

Authors: Stephen M. Ross, Randolph W Westerfield, Robert R. Dockson, Bradford D Jordan

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Question Posted: Feb 03, 2020 08:57 AM

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Highly Suspect Corp. has current liabilities of $415,000, a quick ratio of .79, inventory turnover of 9.5,

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Given Current Liabilities 415000 Quick Ratio 079 Inventory turnover 95 Current Ratio 125 Let...View the full answer

Fundamentals of Corporate Finance

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