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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
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
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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