Akkadia Co expects sales revenue of $20 million for the coming year.
Posted: Mon Mar 07, 2022 8:52 am
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
Based on this, what will be the forecast for inventory?
A. $1 million
B. $3 million
C. $4 million
D. $6 million