Given the Following Information, Calculate the Inventory for J&C Videos

question 131

Multiple Choice

Given the following information, calculate the inventory for J&C videos. Quick ratio = 1.2; Current assets = $12,000; Current ratio = 2.5

• A) $4,800
• B) $6,240
• C) $7,200
• D) $5,660

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Definitions:

Firm Costs

All the expenses incurred by a company in the production and sale of goods or services, including raw materials, labor, and overhead.

Other Goods

Refers to products or commodities that are considered as alternatives or options aside from the primary goods under consideration.