Donny Dell Inc. had a Days in Inventory (based on 365 Days in Period) of 5. The Cost of Goods Sold was $4,526. The Net Working Capital was $70, and the Total Current Assets were $400. What is Donny Dell's Quick Ratio?

Donny Dell Inc. had a Days in Inventory (based on 365 Days in Period) of 5. The Cost of Goods Sold was $4,526. The Net Working Capital was $70, and the Total Current Assets were $400. What is Donny Dell's Quick Ratio?

Name: Donny Dell Inc. had a Days in Inventory (based on 365 Days in Period)
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Description: Donny Dell Inc. had a Days in Inventory (based on 365 Days in Period) of 5. The Cost ofGoods Sold was $4,526. The Net Working Capital was $70, and the Total Current Assetswere $400. What is Donny Dell's Quick Ratio?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 2TP: Assume your company uses the periodic inventory costing method, and the inventory count left out an...

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