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Sam's Song, Inc. has current assets equal to $ 3 0 million. The company's current ratio is 3 . 0 , and its quick ratio

Sam's Song, Inc. has current assets equal to $30 million. The company's current ratio is 3.0, and its quick ratio is 2.5. What is the firm's level of inventories? Please click on the following link to access a blank Excel-type worksheet: Click to open: darr
$3.3 million
$4 million
$4.5 million
$5 million
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