Question: Use the following data to answer questions (6,7): Sales = 2,000,000 Gross Margin = 880,000 Inventory Turnover = 3.5 Current Ratio = 2.2 Current Assets

Use the following data to answer questions (6,7): Sales = 2,000,000 Gross Margin = 880,000 Inventory Turnover = 3.5 Current Ratio = 2.2 Current Assets = 1,760,000

6.Quick ratio ( acid-test ratio ) equals:Required to answer. Single choice.

(2 Points)

2.0

2.1

1.8

1.9

7.Days Sales Inventory equals:Required to answer. Single choice.

(2 Points)

100.4

104.28

98.2

106.5

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