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How many years will you have to wait to buy the

1. VDA Inc. has current liabilities of $325,000. Its current ratio is 1.85 and the inventory turnover is 4. What is the value of VDA's cost of goods sold if the quick ratio is 1.5?

2. You need $15,000 to make down payment for a house, but have only $4,000, which you can invest at 12% compounded annually. How many years will you have to wait to buy the house?

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Business Management: How many years will you have to wait to buy the

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