Oliver Incorporated Has a Current Ratio = 1

question 42

Multiple Choice

Oliver Incorporated has a current ratio = 1.6, and a quick ratio equal to 1.2. The company has $2 million in sales and its current liabilities are $1 million. What is the company's inventory turnover ratio?

• A) 5.0
• B) 5.2
• C) 5.5
• D) 6.0
• E) 6.3

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