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WPM, Inc. has current assets of $8,000,000, current liabilities of $4,000,000, inventory of $1,320,000, and sales of $12,000,000. What is the acid test ratio? A) 2.0B) 1.67C) 0.22D) 0.1 B) 1.67 An inventory turnover ratio of 7.2 compared to an industry average of 5.1 is...
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