Determine cost of sales for firm with financial ratios-data

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Reference no: EM13812403

Determine the cost of sales for a firm with the following financial ratios and data:

Current ratio = 3.0; Quick ratio = 2.0; Current liabilities $1,000,000; Inventory turnover 6 times

a. $3,000,000

b. $2,000,000

c. $1,000,000

d. $6,000,000

Reference no: EM13812403

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