Highly Suspect Corporation has current liabilities of $410,000, a quick ratio of 1.40, inventory turnover...

80.2K

Verified Solution

Question

Accounting

Highly Suspect Corporation has current liabilities of $410,000, a quick ratio of 1.40, inventory turnover of 4.40, and a current ratio of 3.60. What is the cost of goods sold for the company? Multiple Choice $1,262,800 $1,127,500 $6,494,400 $3,968,800 $574,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students