Crockett Electronics has a quick ratio of 2.00x $28,125 in cash,15,625 in accounts receivable, some...
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Crockett Electronics has a quick ratio of 2.00x $28,125 in cash,15,625 in accounts receivable, some inventory, total current assets of $62,500, and total current liabilities of $21,875. The company reported annual sales of $800,000 in the most recent annual report. Over the past year, how often did Crockett Electronics sell and replace its inventory? O 42.67 x 286x 46.94x 8.01 x The inventory turnover ratio across companies in the electronics industry is 46.94x. Based an this information, which of the following statements is true for Crockett Electronics? O Crockett Electronics is holding less inventory per dollar of sales compared to the industry average. Crockett Electronics is holding more inventory per dollar of sales compared to the industry average. You are analyzing two companies that manufacture electronic toys-Like Ganes Inc. and Our Play Inc. Like Games was launched eight years ago, whereas Our Play is a relatively new company that has been in operation for only the past two years. However, bath companies have an
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