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The following data were obtained from the records of Salacot Company Current Ratio 2.5 to 1 Acid test ratio 1.5 to 1 Inventory turnover based
The following data were obtained from the records of Salacot Company Current Ratio 2.5 to 1
Acid test ratio 1.5 to 1
Inventory turnover based on cost of goods sold and ending inventory 10.5 times
Current liabilities 360,000
What was Salacot Co.'s cost of goods sold for the year
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