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The following data were shown in the records of Victoria Quick assets $180,000 Current assets 225,000 Average net receivables 10,000 Average inventory 42,000 Current liabilities
The following data were shown in the records of Victoria Quick assets $180,000 Current assets 225,000 Average net receivables 10,000 Average inventory 42,000 Current liabilities 50,000 Net credit sales 120,000 Cost of goods sold 84,000 Assume 365 days in the year Company at the end of 2014: Calculate each of the following ratios. Round your answers to one decimal place. Quick ratio Current Ratio Receivable turnover ratio Inventory turnover ratio Average age of receivables Average days' supply in inventory]
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