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the Espinoza company had a quick ratio of 2.2. a current ratio of 2.8 an inventory turnover of 8 times total current assets of $770,000,
the Espinoza company had a quick ratio of 2.2. a current ratio of 2.8 an inventory turnover of 8 times total current assets of $770,000, cash of $380,000 and gross profit margin of 40% in 2019. Find its annual sales and average collection period for that year. assume that cash, acc. recievable, and inventory are the only current assets.
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