A firm has $200 million annual sales, $180 million costs of goods sold, $40 million of inventory,
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A firm has $200 million annual sales, $180 million costs of goods sold, $40 million of inventory, and $60 million of accounts receivable. What is its inventory turnover ratio? (4.5) What is its DSO based on a 365-day year?
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To calculate the inventory turnover ratio use the formula Invento...View the full answer
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Related Book For
Intermediate Financial Management
ISBN: 9781337395083
13th Edition
Authors: Eugene F. Brigham, Phillip R. Daves
Question Posted:
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