FINANCE-determining how to solve for the COGS
QUESTION
All,I am struggling with determining how to solve for the COGS when given the below information. I am able to determine that CA = $768,000 from rearranging the current ratio to solve, but after I do this I am stuck on what to do next. Can anyone point me in the right direction for what the formula is from here?Any help is appreciated.ThanksW&B Corp. has current liabilities of $480,000, a quick ratio of .91, inventory turnover of 6.7, and a current ratio of 1.6. What is the cost of goods sold for the company?
ANSWER:
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.