FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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K&I Corp. has current liabilities of
$445,000, a quick ratio of 0.82, an
inventory turnover of 5.8, and a current
ratio of 1.9. What is the cost of goods sold
for the company? Please provide answer to
this accounting problem.
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Transcribed Image Text:K&I Corp. has current liabilities of $445,000, a quick ratio of 0.82, an inventory turnover of 5.8, and a current ratio of 1.9. What is the cost of goods sold for the company? Please provide answer to this accounting problem.
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