问题 单项选择题

Johnson Corp. had the following financial results for the fiscal 2004 year:

A.Current ratio

B.2.00

C.Quick ratio

D.1.25

E.Current liabilities

F.$100000

F.Inventory turnover

F.12

F.Gross profit %

F.25

答案

参考答案:C

解析:The 25% GP indicates that the cost of goods sold is 75% of sales. The inventory is derived from the difference between current ratio and the quick ratio. The current ratio indicates that the current assets are $ 200000 and the quick assets are $125000. The difference represents the inventory of $ 75000. The inventory turnover is used to obtain cost of goods sold of $ 900000. The cost of goods sold is 75% of sales, indicating that sales are $1200000.

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