Adams Furniture has a quick ratio of 2.00, $37,575 in cash, $20,875 in accounts receivable, some inventory,

Adams Furniture has a quick ratio of 2.00, $37,575 in cash, $20,875 in accounts receivable, some inventory, total current assets of $83,500, and total current liabilities of $29,225. The company reported annual cost of sales of $100,000 in the most recent annual report. Over the past year, how often did Adams Furniture sell and replace its inventory? 4.39 x Correct 3.99 x 8.01 x 2.86x

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  1. net worth is the difference between what you own and what you have. if you exceed your liabilities you have a positive net worth. if your liabilities are greater than your assets you have a negative net worth. its a snapshot of your financial situation. if you calculate your net worth you will see the end result of everything you've earned and spent as of now. net worth statements and all you asked of can you determine where you are, how to get where you want to be, if your spending   to much. honestly it can tell you a lot of things. i can go on, but you can paint the picture from here.

    explanation:

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