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QUESTION
You have the following information available for ABC Company, Current liabilities $360,000.00, Quick ratio 2.65, Current ratio 4.75, Cash...
You have the following information available for ABC Company,Current liabilities $360,000.00, Quick ratio 2.65, Current ratio 4.75, Cash $435,000.00, Misc. Current Assets $115,000.00, (Hint: Other than 3 large (Cash/AR/Inv) , # of times inventory is sold and re-stocked (inventory T/O ratio) 7.25. Based on the above information, calculate the total annual sales of the company.
