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QUESTION 25: The current ratio is 3.6 times, and the quick ratio is 2.4 times. If...

QUESTION 25: The current ratio is 3.6 times, and the quick ratio is 2.4 times. If the current liabilities total $590,000 then determine the value of the firm's inventory.

$569,000

$708,000

$495,000

$299,000

none of these
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Answer #1

Current ratio = Current asset Current liability Current asset = 3-6x590,000 = $ 2124000 Inventory ato= Current asset Quick ra

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