Answered: Soaring Eagles Corp. has total current…

Soaring Eagles Corp. has total current assets of $11,320,000, current liabilities of $5,204,000 and a quick ratio of 0.84. What is its level of inventory?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 6MCQ

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Question

Soaring Eagles Corp. has total current assets
of $11,320,000, current liabilities of $5,204,000 and a quick ratio of 0.84.
What is its level of inventory?

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