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Question
Nolan Inc. has cost of goods sold of $1,000,000 and an inventory turnover of 10.0. The firm's current ratio is 3.0, while its quick ratio is 2.5. What are Nolan's current assets?
a. $200,000
b. $300,000
c. $400,000
d. $500,000
e. $600,000
Answer
This answer is hidden. It contains 105 characters.
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