The amount of cost of goods sold using FIFO method is $110,000.
Hope this helps. :)
A.) head-on.
rear-ending cars are going the same direction as you, so they don't hit as hard.
trees aren't part of multi-vehicle crashes (hopefully)
Answer:
3.4
Explanation:
Current assets = Cash + Short-term investments + Accounts receivable (net) + Inventory
= $220 + $550 + $800 + $1,150
= $2,720
Current ratio = Current assets / Current liabilities
Current ratio = $2,720 / $800
Current ratio = 3.4
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