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2.4. Last year Delightful Desserts had a quick ratio of 1.9, a current ratio of 6.0, an inventory turnover of 9, total current assets of
2.4. Last year Delightful Desserts had a quick ratio of 1.9, a current ratio of 6.0, an inventory turnover of 9, total current assets of $330,000, and cash and equivalents of $26,000. If the cost of goods sold equaled 80 percent of sales, what were Bailey's annual sales and days' sales outstanding (DSO)? Assume there are 360 days in a year. Round your answer for annual sales to the nearest dollar and answer for DSO to one decimal place.
Annual sales: ______ $
DSO: _____ days
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