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Earths Best Company has sales of $200,000, Cost of Goods Sold of 100,000, a net income of $15,000, and the following balance sheet: Cash Receivables
Earths Best Company has sales of $200,000, Cost of Goods Sold of 100,000, a net income of $15,000, and the following
balance sheet: Cash Receivables Inventories Net fixed assets Total assets $ 10,000 50,000 150,000 90.000 $300,000 Accounts payable Other current liabilities Long-term debt Common equity Total liabilities and equity $ 30,000 20,000 50,000 200,000 $300,000 Calculate the firm's Days Sales in ReceivablesStep by Step Solution
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