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For a company, calculate the following ratios using the given data: Current Ratio: 2.5 Quick Ratio: 1.2 Inventory Turnover: 5 Days Sales Outstanding (DSO): 40
For a company, calculate the following ratios using the given data:
- Current Ratio: 2.5
- Quick Ratio: 1.2
- Inventory Turnover: 5
- Days Sales Outstanding (DSO): 40
Determine:
- Inventory level
- Days Inventory Outstanding (DIO)
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Survey of Accounting
Authors: Thomas Edmonds, Christopher Edmonds, Philip Olds, Frances McNair, Bor Yi Tsay
5th edition
1259631125, 978-1259631122
