The Green Fiddle Has Current Liabilities of $28,000, Sales of $156,900

question 82

Multiple Choice

The Green Fiddle has current liabilities of $28,000, sales of $156,900, and cost of goods sold of $62,400. The current ratio is 1.22 and the quick ratio is .71. How many days on average does it take to sell the inventory?

• A) 128.13 days
• B) 74.42 days
• C) 199.81 days
• D) 147.46 days
• E) 83.53 days

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Crowdfunding

A method of raising capital through the collective effort of friends, family, customers, and individual investors, primarily conducted online.