What is the firm level of inventories

Reference no: EM131931963

Question: Ace Industries has current assets equal to $8 million. The company's current ratio is 2.5, and its quick ratio is 2.0.

What is the firm's level of current liabilities? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as

1,200,000

$ 3,200,000

What is the firm's level of inventories? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000

Reference no: EM131931963

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