Question: Based on the data presented below, what is Goldilock Corporation's cost of sales for the year? Current ratio 3.5 Acid test ratio 3.0 Year-end current

Based on the data presented below, what is Goldilock Corporation's cost of sales for the year? Current ratio 3.5 Acid test ratio 3.0 Year-end current liabilities P 600,000 Beginning inventory P 500,000 Inventory turnover 8.0 (2 Points) a. P 1,600,000 c. P 3,200,000 b. P 2,400,000 d. P 6,400,000

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