Question
Current Ratio Calculation and Inventory Turnover Ratio Analysis: Calculate the current ratio and analyze the inventory turnover ratio for PQR Corporation with the following details:
- Current Ratio Calculation and Inventory Turnover Ratio Analysis:
Calculate the current ratio and analyze the inventory turnover ratio for PQR Corporation with the following details:
- Current Assets: $300,000
- Current Liabilities: $150,000
- Cost of Goods Sold: $400,000
- Average Inventory: $100,000
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
11th Canadian edition Volume 1
1119048532, 978-1119048534
