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36- The W. F. Bailey Company had a quick ratio of 1.4, a current ratio of 3.0, and inventory turnover of 5 times, total current

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36- The W. F. Bailey Company had a quick ratio of 1.4, a current ratio of 3.0, and inventory turnover of 5 times, total current assets of $810,000, and cash and marketable securities of $120,000 in 2005. If the cost of goods sold equaled 86 percent of sales, what were Bailey's annual sales and it's DSO for 2005

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