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calculate the cost of goods sold of a company with the financial data given below: Current Ratio 1.2 Acid-Test Ratio 1.05 Current Liabilities $200,000 Inventory

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calculate the cost of goods sold of a company with the financial data given below: Current Ratio 1.2 Acid-Test Ratio 1.05 Current Liabilities $200,000 Inventory Turnover (using ending inventory) 2 times *Assume that the company didn't has prepaid expense. Explaining the steps for the solution

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