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Your firm has a current ratio of 2.5 and a quick ratio of 1.5 with current assets of $250,000 and an inventory turnover ratio of
Your firm has a current ratio of 2.5 and a quick ratio of 1.5 with current assets of $250,000 and an inventory turnover ratio of 12. If cost of goods sold run 55% of sales for your firm and your profit margin is 6%, what are your firm’s sales?
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Financial Management Theory And Practice
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
3rd Canadian Edition
017658305X, 978-0176583057
