Business, 18.02.2020 00:00 rebecca52360

Polk Software Inc. has a quick ratio of 2.00x, $32,850 in cash, $18,250 in accounts receivable, some inventory, total current assets of $73,000, and total current liabilities of $25,550. The company reported annual sales of $100,000 in the most recent annual report.
Required:
1. Over the past year, how often did Polk Software Inc. sell and replace its inventory?

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Polk Software Inc. has a quick ratio of 2.00x, $32,850 in cash, $18,250 in accounts receivable, some...

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