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Bobs Burgers has current assets of $55,000 with a current ratio of 2 and a profit margin of 6%. Its inventory turnover ratio is 5
Bobs Burgers has current assets of $55,000 with a current ratio of 2 and a profit margin of 6%. Its inventory turnover ratio is 5 and quick ratio is 0.8. If cost of goods sold run 60% of sales, what is Bobs net income?
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