Question
A firm has current liabilities of $200,000. An analyst reports that the firm has a current ratio of 1.50, and the quick ratio is 0.60.
A firm has current liabilities of $200,000. An analyst reports that the firm has a current ratio of 1.50, and the quick ratio is 0.60. Given this information, what is the current value of the firm's inventory?
Question 1 options:
|
| $180,000 |
|
| $220,000 |
|
| $150,000 |
|
| $200,000 |
|
| $140,000 |
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Investments An Introduction
Authors: Herbert B Mayo
11th Edition
1133936520, 9781133936527
