Speedilectrix co has a quick ratio of 200x 28800 in cash, Ask an Expert

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Speedilectrix Co. has a quick ratio of 2.00x, $28,800 in cash, $16,000 in accounts receivable, some inventory, total current assets of $64,000 and total current liabilities of $22,400. The company reported annual sales of $200,000 in the most recent annual report. Over the past year, how often did Speedilectric CO sell and replace its inventory? a. 0.5x b. 10.42 c. 11.46x d. 0.39x

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Financial Management, Finance

Category:- Financial Management
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