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Kannan Carpets Ltd Has Asked You to Calculate the Company's

question 20

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Kannan Carpets Ltd has asked you to calculate the company's quick ratio for 2016.All you have is a partial balance sheet and some assumptions.Using the information provided, calculate Kannan's quick ratio for 2016. Gross profit margin = 50%
Inventory turnover (COGS/Inv) = 5
2001 sales = $3000
Kannan Carpets Ltd has asked you to calculate the company's quick ratio for 2016.All you have is a partial balance sheet and some assumptions.Using the information provided, calculate Kannan's quick ratio for 2016. Gross profit margin = 50% Inventory turnover (COGS/Inv) = 5 2001 sales = $3000   A) 0.2 B) 0.4 C) 0.6 D) 0.8

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