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Use the following data to determine firm ABC's cost of sales: ABC Current Ratio is equal to 3.0 ABC Quick Ratio is equal to 2.0

Use the following data to determine firm ABC's cost of sales:

ABC Current Ratio is equal to 3.0

ABC Quick Ratio is equal to 2.0

ABC Current Liabilities is equal to $1,000,000

ABC Inventory Turnover is equal to 6 times

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