Nugent, Inc., has a gross profit margin of 31.7 percent on net sales of $9,865,214 and total assets of $7,125,852. The company has a current ratio of 2.7 times, accounts receivable of $1,715,363, cash and marketable securities of $315,488, and current liabilities of $870,938.

a. What are Nugent’s total current assets?

b. How much inventory does the firm have? What is the inventory turnover ratio?

c. What is Nugent’s days’ sales outstanding?

d. If management sets a target DSO of 30 days, what should Nugent’s accounts receivable be?