Selected data from Sheridan Corporation's year-end financial statements are presented below. The difference between average...
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Accounting
Selected data from Sheridan Corporation's year-end financial statements are presented below. The difference between average and ending inventory is immaterial. Current ratio 2.0 Quick ratio 1.5 Current liabilities $120,000 Inventory turnover 8 times Gross profit margin 40% Assuming no prepaid expenses are included in current assets, what is Sheridan's net sales for the year
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