Question
Given the following information, what is the firm's days sales outstanding? BALANCE SHEET INFORMATION Cash = $1,060,000 Accounts receivable = (not given) Inventory = $1,290,000
Given the following information, what is the firm's days sales outstanding? BALANCE SHEET INFORMATION Cash = $1,060,000 Accounts receivable = (not given) Inventory = $1,290,000 Fixed Assets = $4,410,000 Total assets = $7,600,000 Accounts payable = (not given) Long-term debt = $3,000,000 Common stock = $840,000 Retained earnings = $3,230,000 Total liabilities and equity = $7,600,000 INCOME STATEMENT INFORMATION Sales = $15,200,000 Operating expense = $11,400,000 EBIT = $3,800,000 Interest expense = $300,000 EBT = $3,500,000 Taxes = $1,400,000 Net Income = $2,100,000
1) 20.17
2) 56.43
3) 76.60
4) 15.80
5) 67.69
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