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Jones Corp. reported current assets of $194,000 and current liabilities of $137,500 on its most recent balance sheet. The current assets consisted of $61,400 Cash:
Jones Corp. reported current assets of $194,000 and current liabilities of $137,500 on its most recent balance sheet. The current assets consisted of $61,400 Cash: $42,700 Accounts Receivable; and $89,900 of Inventory. The acid-test (quick) ratio is: Multiple Choice 14:1 0.76:1 0.54:1 0.65:1 1:1 Martinez Corporation reported net sales of $785,000, net income of $122.000, and total assets of $7,834,032. The profit margin is: Multiple Choice 1.55%. 15.54% 643.0%. 84.46% 6,43% Using the information below, compute the days' sales in raw materials inventory: Raw materials used Beginning raw materials inventory Ending raw materials inventory $91,500 8,600 10,200 Multiple Choice 9.73 10.27 37.50. 40.69 10.65
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