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Business, 24.12.2019 00:31 kordejah348

Industrialization automation company (iac) has a quick ratio of 2.00; $24,750 in cash; $13,750 in accounts receivable; some inventory; total current assets of $55,000; and total current liabilities of $19,250. in its most recent annual report, iac reported annual sales of $100,000 and a cost of goods sold equal to 65% of annual sales. how many times is industrialization automation company (iac) selling and replacing its inventory?

a. 0.35x
b. 30.30x
c. 19.70x
d. 21.67x

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