Dial a Nerd had a quick ratio of 1 , 0 , a current ratio of 1

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Question:

Dial a Nerd had a quick ratio of

1, 0,

a current ratio of

1, 5,

a days sales outstanding of

60

days

(

based on a

360 -

day year

),

total current assets of R

525 000,

and cash and cash equivalents of R

120 000 .

What were the company

s annual sales

(5)

Posted Date: May 11, 2024 03:34 AM

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Dial a Nerd had a quick ratio of 1 , 0 , a current ratio of 1

Question:

Expert Answer:

To find the companys annual sales we can use the Days Sales Outstanding DSO formula which calculates the average number of days it takes for a company ... View the full answer

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