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It takes exactly 200 days for a company to sell and replace its existing inventory. The company has sales of $93,000, cost of goods sold
It takes exactly 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, and cash of $16,000. The firms total current liabilities are $135,000.
Question: If the firm has a current ratio of 0.50, what is the days sales in receivables?
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