Last year, Drake's Bowling Alleys had cost of goods sold of R37 500 and its inventory turnover

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Last year, Drake's Bowling Alleys had cost of goods sold of R37 500 and its inventory turnover was 2,34. The company's current assets were R46 500 and its current ratio was 2,0.

What is the company's quick ratio?

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Auditing An International Approach

ISBN: 978-0071051415

6th edition

Authors: Wally J. Smieliauskas, Kathryn Bewley

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Posted Date: Mar 11, 2023 03:45 AM

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Last year, Drake's Bowling Alleys had cost of goods sold of R37 500 and its inventory turnover

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Inventory cost of goods sold Inventory turnover ratio R150000 6 times R25000 Quick ratio ... View the full answer

Auditing An International Approach

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