15. Zoom has Quick ratio of 2x, sales of $120,000, in addition it has current assets of $170,000 and current liabilities of $50,000. The inventory turnover ratio for the company is: * a) 3.00х O b) 4.00x c) 5.00x d) 1.71x e) None of the above

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 15MCQ: Hummel Inc. has $30,000 in current assets and $15,000 in current liabilities. What is Hummels...
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15. Zoom has Quick ratio of 2x, sales
of $120,000, in addition it has
current assets of $170,000 and
current liabilities of $50,00O. The
inventory turnover ratio for the
company is: *
a) 3.00х
b) 4.00x
с) 5.00х
d) 1.71x
e) None of the above
Transcribed Image Text:15. Zoom has Quick ratio of 2x, sales of $120,000, in addition it has current assets of $170,000 and current liabilities of $50,00O. The inventory turnover ratio for the company is: * a) 3.00х b) 4.00x с) 5.00х d) 1.71x e) None of the above
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