4. THE INTERRELATIONSHIPS OF THE RATIOS? [2 POINTS] The Hillcrest Company had a quick ratio of 1.4, a current ratio of 3
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4. THE INTERRELATIONSHIPS OF THE RATIOS? [2 POINTS] The Hillcrest Company had a quick ratio of 1.4, a current ratio of 3
4. THE INTERRELATIONSHIPS OF THE RATIOS? [2 POINTS] The Hillcrest Company had a quick ratio of 1.4, a current ratio of 3.0, a DSO of 73 days, total current assets of $840,000, and cash and marketable securities of $100,000. What were Hillcrest's annual sales? Show all formulae and calculations clearly.
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