Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Miriam Inc. had a a gross margin 28%, quick ratio of 1.2, a current ratio of 2.2, an inventory turnover of 5 times, total current

image text in transcribed

Miriam Inc. had a a gross margin 28\%, quick ratio of 1.2, a current ratio of 2.2, an inventory turnover of 5 times, total current assets of $805,663, and cash and marketable securities of $132,778. What were Miriam's Accounts Receivables Days? Assume 365 days ayear. Input your response rounded to one decimal point. So, if your response is 25.6 days, inout 25.6

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions