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calculate the cost of goods sold of a company with the financial data given below: Current Ratio 3 Acid-Test Ratio 2.625 Current Liabilities $500,000 Inventory

calculate the cost of goods sold of a company with the financial data given below:

Current Ratio

3

Acid-Test Ratio

2.625

Current Liabilities

$500,000

Inventory Turnover (using ending inventory)

5 times

*Assume that the company didn't has prepaid expense.

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