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4. A firm has current liabilities equal to $3 million, a current ratio of 2.0 , and a quick ratio of 1.2 . If the

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4. A firm has current liabilities equal to $3 million, a current ratio of 2.0 , and a quick ratio of 1.2 . If the firm has costs of goods sold (COGS) equal to $8 million, what is its inventory turnover ratio? A. 0.3 B. 0.8 C. 1.33 D. 1.6 E. 3.33

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