Crockett Electronics has a quick ratio of 2.00x, $30,150 in cash, $16,750 in accounts receivable, some inventory, total current assets o $67,000, and total current liabilities of $23,450. The company reported annual sales of $300,000 in the most recent annual report. ver the past year, how often did Crockett Electronics sell and replace its inventory? O 8.01x O 16.42x O2.86x O 14.93x

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Crockett Electronics has a quick ratio of 2.00x, $30,150 in cash, $16,750 in accounts receivable, some inventory, total current assets of
$67,000, and total current liabilities of $23,450. The company reported annual sales of $300,000 in the most recent annual report.
Over the past year, how often did Crockett Electronics sell and replace its inventory?
08.01x
O 16.42x
O 2.86x
O 14.93x
Transcribed Image Text:Crockett Electronics has a quick ratio of 2.00x, $30,150 in cash, $16,750 in accounts receivable, some inventory, total current assets of $67,000, and total current liabilities of $23,450. The company reported annual sales of $300,000 in the most recent annual report. Over the past year, how often did Crockett Electronics sell and replace its inventory? 08.01x O 16.42x O 2.86x O 14.93x
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