A company has current liability of $500million, and its current ratio is 2.0. If the firm’s quick ratio is 1.2. How much inventory does it have? a. $400milliom b. $600milliom c. $300million d. $500million

A company has current liability of $500million, and its current ratio is 2.0. If the firm’s quick ratio is 1.2. How much inventory does it have? a. $400milliom b. $600milliom c. $300million d. $500million

Name: A company has current liability of $500million, and its current ratio
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Description: A company has current liability of $500million, and its current ratio is 2.0. If the firm’s quick ratio is 1.2. How much inventory does it have?a. $400milliomb. $600milliomc. $300milliond. $500million

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 7P: Ace Industries has current assets equal to 3 million. The companys current ratio is 1.5, and its...

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