In this problem you have to compute Quick Ratio

Sales = 2,000,000 Gross Margin = 880,000 Inventory turnover = 3.5 Current Ratio = 2.2 Current Assets = 1,760,000

6.Quick Ratio ( Acid - Test Ratio ) =

(2 Points)

2.0

2.1

1.8

1.9

7.Days' sales in inventory =

(2 Points)

100.4

104.28

98.2

106.5