Lambda Corporation has current liabilities of $432,000, a quick ratio of 1.9, inventory turnover of 4.6, and

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Lambda Corporation has current liabilities of $432,000, a quick ratio of 1.9, inventory turnover of 4.6, and a current ratio of 3.3. What is the cost of goods sold for Lambda Corporation?

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Fundamentals of corporate finance

ISBN: 978-0470876442

2nd Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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Posted Date: Mar 05, 2024 04:50 AM

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Lambda Corporation has current liabilities of $432,000, a quick ratio of 1.9, inventory turnover of 4.6, and

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Expert Answer:

To find the cost of goods sold COGS for Lambda Corporation we can use the formula for inventory turn... View the full answer

Fundamentals of corporate finance

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