Question
The Dlabay Company had a quick ratio of 1.4, a current ratio of 3.0, an inventory turnover of 6 times, total current assets of $675,000,
The Dlabay Company had a quick ratio of 1.4, a current ratio of 3.0, an inventory turnover of 6 times, total current assets of $675,000, and cash and marketable securities of $100,000 in 2007. What were Dlabays annual sales and its ACP for that year?
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Internal Auditing An Integrated Approach
Authors: Richard E. Cascarino
2nd Edition
0702172693, 978-0702172694
