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It takes 200 days for a company to sell and replace its existing inventory. The company has: Sales of $93,000, Cost of goods sold of
It takes 200 days for a company to sell and replace its existing inventory.
The company has: Sales of $93,000, Cost of goods sold of $68,000, Cash of $16,000. Total current liabilities are $135,000. If the firm has a current ratio of 0.50, calculate the days sales in receivables
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