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compute the acid-test ratio as follows: Current Assets - Inventory / Current Liabilities Question: Find the cost of sales of the company with the following
compute the acid-test ratio as follows:
Current Assets - Inventory / Current Liabilities
Question: Find the cost of sales of the company with the following financial data.
| Current ratio | 2.5 |
| Quick ratio or acid-test | 2 |
| Current liabilities | $400,000.00 |
| Inventory turnover | 3 times |
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Project Financing Financial Instruments And Risk Management
Authors: Frank J Fabozzi, Carmel De Nahlik
1st Edition
9811231494, 9789811231490
