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(Top QUALITY 2024/2025 EXAM REVIEW) WGU C201 Business Acumen Chapter 15 & 16: Accounting and Financial Statements – Ratios. Exam Review, Rated A+

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WGU C201 Business Acumen Chapter 15 & 16: Accounting and Financial Statements – Ratios. Exam Review, Rated A+ Current assets / current liabilities - -Current Ratio Current assets - minus inventory / current liabilities - -Acid Test (Quick) Ratio Current assets $250 Inventory $20 Current Liabilities $100 250-20=230 230/100=2.2 $2.20 assets for every $1 in liabilities Acid Test (Quick) Ratio and Current Ratio - -Liquidity Ratios Inventory Turnover, Receivables Turnover, and Total Asset Turnover - -Activity Ratios Cost of goods sold / average inventory -

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