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QUESTION
A firm has a Quick Ratio of 1.5, a Profit Margin of 6%, Current Assets of $12,000, Current Liabilities of $3,000, and Net Income of $2,700. What is
A firm has a Quick Ratio of 1.5, a Profit Margin of 6%, Current Assets of $12,000, Current Liabilities of $3,000, and Net Income of $2,700. What is this firm’s Inventory Turnover Ratio?a. 6.0 b. 4.5 c. 4.0 d. 8.0 e. 10.0
