Kannan carpets inc has asked you to calculate the companys

Reference no: EM13567576

Kannan Carpets, Inc. has asked you to calculate the company's current ratio for 2001. All you have is a partial balance sheet and some assumptions. Using the information provided, calculate Kannan's current ratio for 2001.Gross profit margin = 50%Inventory turnover (COGS/Inv) = 52001 sales = $3,000 Answer 0.3 0.8 1.6 2.2?

Reference no: EM13567576

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