Question

Highly suspect corporation has current liabilities of $424,000, a quick ratio of 1.30, inventory turnover of 4.40, and a current ratio of 3.20. what is the cost of goods sold for the company?

Answer 1

$3,115,770  is the cost of goods sold for the company.

What are goods ?

In economics, "goods" are things that fulfill human needs and provide utility, such as to a customer buying a fulfilling product. Services that cannot be transferred and transferable products are two categories that are frequently distinguished.

When a good is helpful to people but is in short supply compared to demand, it is said to be a "economic good" and requires human effort to attain. Free things, on the other hand, like air, are always available and don't require any deliberate effort to obtain. Private goods include anything a person owns or uses on a regular basis that is unrelated to food, such as televisions, living room furnishings, wallets, cell phones, etc.

To learn more about goods from the given link:

brainly.com/question/12802278

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