Post software Incorporated has a quick ratio of $2\mathrm{.}00$ X $24,750$ in cash $$13,750$ in accounts receivable some inventory total current assets of $55,000$ and total current liabilities of $$19,250$ the company reporter annual sales of $$200,000$ in the most recent annual Port this need the company's cost of goods sold is $75\%$ of sales. over the past year, how often did Polk Software inc. sell and replace its inventory?

Answer rating: 100% (QA)

ANSWER To solve this problem we need to calculate the inventory turnover ratio which will tell us ho... View the full answer