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Polk Software Inc. has a quick ratio of 2.00x,$32,850 in cash, $18,250 in accounts receivable, some inventory, total current assets of $73,000 , and total

Polk Software Inc. has a quick ratio of

2.00x,$32,850

in cash,

$18,250

in accounts receivable, some inventory, total current assets of

$73,000

, and total current liabilities of

$25,550

. The company reported annual sales of

$100,000

in the most recent annual report.\ Additionally, the company's cost of goods sold is

75%

of sales.\ Over the past year, how often did Polk Software Inc. sell and replace its inventory?\

2.86x

\

3.42x

\

8.01x

\

3.76x
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Polk Software Inc. has a quick ratio of 2.00x,$32,850 in cash, $18,250 in accounts receivable, some inventory, total current assets of $73,000, and total current liabilities of $25,550. The company reported annual sales of $100,000 in the most recent annual report. Additionally, the company's cost of goods sold is 75% of sales. Dver the past year, how often did Polk Software Inc. sell and replace its inventory? 2.86x 3.42x 8.01x 3.76x

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