They gather information and conduct research to determine what customers want. They also plan and develop products and make deci
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Answer:
quick ratio = 0.72
Explanation:
given data
sales = $200 million
inventory turnover ratio = 5.0
current assets totaled = $100 million
current ratio = 1.2
solution
we get here quick ratio so here
inventory turnover ratio = ...............1
put here value
inventory =
inventory = 40
and
now we get current liability
current ratio = ...............2
put here value
current liability =
current liability = 83.33
and here quick ratio
quick ratio = .............3
quick ratio =
quick ratio = 0.72