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Please help solve! I am missing a step. Thanks! Lambda Corporation has current liabilities of $450,000, a quick ratio of 1.8, inventory turnover of 5.0,
Please help solve! I am missing a step. Thanks!
Lambda Corporation has current liabilities of $450,000, a quick ratio of 1.8, inventory turnover of 5.0, and a current ratio of 3.5. What is the cost of goods sold for Lambda Corporation?(Round answer to nearest whole dollar, e.g. 5,675.)Cost of goods sold | $ |
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