Bob's Burgers has current liabilities of $50,000 with a current ratio of 2.5 and a profit margin
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Question:
Bob's Burgers has current liabilities of $50,000 with a current ratio of 2.5 and a profit margin of 6%. Its inventory turnover ratio is 5 and quick ratio is 0.8. If cost of goods sold run 60% of sales, what are Bob's total sales?
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