Problema firm has a current ratio of 24 a quick ratio of 6, Ask an Expert

Accounting

Problem:

A firm has a current ratio of 2.4, a quick ratio of .6, and current liabilities of $800.

Required:

Question: What is the value of the inventory account?

A. $1,620

B. $1,440

C. $444

D. $480

Note: Please show guided help with steps and answer.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91169472

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