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Gummy Co. had COGS for the year of $1million on sales of $4million. They have accounts receivables of $600,000. A) What are the days sales
Gummy Co. had COGS for the year of $1million on sales of $4million. They have accounts receivables of $600,000. A) What are the days sales of receivables for Gummy Co.? B) What does this number tell us? Please explain the steps on how to solve this problem. Also can you solve this using a financial calculator?
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