Cost of goods sold for the company, Finance Basics

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Cost of goods sold for the company

Problem:

Guthrie Corp. has current liabilities of $262,000, a quick ratio of 1.2, inventory turnover of 3.7, and a current ratio of 2.8.

Required:

Question: What is the cost of goods sold for the company?

Note: Please show how you came up with the solution.

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Finance Basics: Cost of goods sold for the company

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Finance Basics: Cost of goods sold for the company

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