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Last year, Jumpin' Trampolines ( JT ) had a quick ratio of 1 . 0 , a current ratio of 1 . 8 , an

Last year, Jumpin' Trampolines (JT) had a quick ratio of 1.0, a current ratio of 1.8, an inventory turnover of 3.5, total current assets of $67,500, and cash and equivalents of $15,000. If the cost of goods sold equaled 70 percent of sales, what were JT's annual sales and DSO? (LO 2-3)
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