Akkadia Co expects sales revenue of $20 million for the coming year.

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answerhappygod
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Akkadia Co expects sales revenue of $20 million for the coming year.

Post by answerhappygod »

It also aims to achieve the following ratios: current ratio of 2.5:1; sales revenue to current assets of 4:1; and acid test ratio of 2:1.
Based on this, what will be the forecast for inventory?
A. $1 million
B. $3 million
C. $4 million
D. $6 million
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