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Choose the correct letter of answer: Company C financial ratios are as follows: Current ratio: 1.6, Acid-test ratio 1.2, Current Liabilities P2 Million and Inventory turnover ratio 5.   What is the sales of the firm?  a. 1,000,000.00 b. 2,000,000.00 c. 3,000,000.00 d. 4,000,000.00 e. 5,000,000.00

Choose the correct letter of answer: Company C financial ratios are as follows: Current ratio: 1.6, Acid-test ratio 1.2, Current Liabilities P2 Million and Inventory turnover ratio 5.   What is the sales of the firm?  a. 1,000,000.00 b. 2,000,000.00 c. 3,000,000.00 d. 4,000,000.00 e. 5,000,000.00

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter15: Financial Statements And Year-end Accounting For A Merchandising Business
Section: Chapter Questions
Problem 4CE
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Choose the correct letter of answer:

Company C financial ratios are as follows: Current ratio: 1.6, Acid-test ratio 1.2, Current Liabilities P2 Million and Inventory turnover ratio 5.

 

What is the sales of the firm? 


a. 1,000,000.00
b. 2,000,000.00
c. 3,000,000.00
d. 4,000,000.00
e. 5,000,000.00

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