Question
Suppose a company has a current ratio of 2.5 times and a quick ratio of 1.5 times. If the companys current liabilities are h100 million,
Suppose a company has a current ratio of 2.5 times and a quick ratio of 1.5 times. If the companys current liabilities are h100 million, the amount of inventory is closest to:
| h50 million. | ||
| h100 million. | ||
|
| h150 million. please explain with equation and power point step by step |
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk
11th Edition
0324422865, 978-0324422863
