Chapter 7 Working Capital Management

Current ratio 2:1. Sales: current assets 5:1. Acid-test ratio 1·5:1. If sales for the coming year are expected to be $30 million, what is the value of stocks that will appear in the forecast balance sheet? A $1·5m. B $3·0m. C $4·5m. D $10·5m. 17. Akkadia Co expects … ................
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