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Monroe Manufacturing has a quick ratio of 2.00x, $28,125 in cash, $15,625 in accounts receivable, some inventory, total current assets of $62,500, and total current
Monroe Manufacturing has a quick ratio of 2.00x, $28,125 in cash, $15,625 in accounts receivable, some inventory, total current assets of $62,500, and total current liabilities of $21,875. The company reported annual sales of $200,000 in the most recent annual report. Additionally, the companys cost of goods sold is 75% of sales.
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