What is the solution for this questions 15. Zoom has Quick ratio of 3x, sales of $120,000, in addition it has currentassets of $170,000 and current liabilities of $50,000. The inventoryturnover ratio for the company is:a) 3.00xO b) 4.00xc) 5.00xd) 6.00xe) None of the above16. LSP Manufacturing recently reported Net income of $350,000, Interest 3poexnense $112,000. It has ROA of 8% and it falls in the 30% tax bracket. The

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15. Zoom has Quick ratio of 3x, 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: * O a) 3.00x O b) 4.00x c) 5.00x d) 6.00x e) None of the above dNet income of $350,000, Interest 3poin

15. Zoom has Quick ratio of 3x, 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: * O a) 3.00x O b) 4.00x c) 5.00x d) 6.00x e) None of the above dNet income of $350,000, Interest 3poin

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter2: Analysis Of Financial Statements

Section: Chapter Questions

Problem 12PROB

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Concept explainers

Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.

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What is the solution for this questions

15. Zoom has Quick ratio of 3x, 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) 3.00x
O b) 4.00x
c) 5.00x
d) 6.00x
e) None of the above
16. LSP Manufacturing recently reported Net income of $350,000, Interest 3po
exnense $112,000. It has ROA of 8% and it falls in the 30% tax bracket. The

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