Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN: 9781337115773
Author: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher: Cengage Learning
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What is it's level of inventory on this accounting question?

Blue
Horizon Ltd. has total current assets of
$15,500,000, current liabilities of $7,200,000, and a
quick ratio of 0.85. What is its level of inventory?
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Transcribed Image Text:Blue Horizon Ltd. has total current assets of $15,500,000, current liabilities of $7,200,000, and a quick ratio of 0.85. What is its level of inventory?
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