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A firm's current ratio is 1.2, and its quick ratio is 1.0. If its current liabilities are $10,600, what are its inventories? Answer: 2,120 Hide...

This question was created from MGMT 640 Midterm Exam Part 1.pdf https://www.coursehero.com/file/26184253/MGMT-640-Midterm-Exam-Part-1pdf/

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Greetings, I need someone to show how current assets was solved for better than how it is shown in this example. After current assets are solved for, please show me how inventories was solved for in better detail.

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Top Answer

Hi, This is very easy formula. And it is a regular formula which is given. For a shortcut just multiply tge ratio and current... View the full answer

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