Question: A Zebra engineering corp. has a quick ratio of 2.00x, $28,125 in cash, $15,625 in accounts receivable, some inventory, total current assets of $62,500 and
A Zebra engineering corp. has a quick ratio of 2.00x, $28,125 in cash, $15,625 in accounts receivable, some inventory, total current assets of $62,500 and total current liabilities of $21,875. The company reported annual sales of $100,000 in the most recent annual report.
Over the past year, how often did Zebra Engineering Corp. sell and replace its inventory?
a. 0.39
b. 5.33
c. 5.86
d. 0.35
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