Value of the inventory account, Accounting Basics

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Value of the inventory account

Problem:

A firm has a current ratio of 2.4, a quick ratio of .6, and current liabilities of $800.

Required:

Question: What is the value of the inventory account?

A. $1,620

B. $1,440

C. $444

D. $480

Note: Please show guided help with steps and answer.

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Accounting Basics: Value of the inventory account

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Accounting Basics: Value of the inventory account

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Recent Questions Asked Accounting Basics

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Ask an Expert for Answer!!

Accounting Basics: Value of the inventory account

Reference No:- TGS0888294

Recent Questions Asked Accounting Basics

Q : Capital structure in balance

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Q : What is the net investment

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Q : Why do histones and dna bind together

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