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Johnson Corp. had the following financial results for the fiscal 2004 year:
Current ratio - 2.00
Quick ratio - 1.25
Current liabilities - $100,000
Inventory turnover - 12
Gross profit % - 25
The only current assets are cash, accounts receivable, and inventory. The balance in these accounts has remained constant throughout the year. Johnson’s net sales for 2004 were:
A) $300,000.
B) $1,200,000.
C) $900,000. |
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发表于 2011-7-11 18:38
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