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question 29 and 30. 29. A company has a current ratio of 2.1. What does that mean? A. For each dollar of current liabilities, the
question 29 and 30.
29. A company has a current ratio of 2.1. What does that mean? A. For each dollar of current liabilities, the company has approximately $2.10 of current assets B. For each dollar of total assets, the company had approximately $2.10 of earnings B. For each dollar of total liabilities, the company has approximately $2.10 of current assets D. For each dollar of total liabilities, the company has approximately $2.10 of total assets 30. Given: total current assets, $110,000; total assets, $250,000; total current liabilities, $97.000; total liabilities, $150,000; beginning inventory, $85,000; ending inventory, 589,500; cost of goods sold, $265,000. Calculate the inventory turnover. D.0.3 A. 1.5 B. 0.7 C. 3.0 Step by Step Solution
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