Monroe Milk Company has a gross margin of 31.7% on net sales of $9,865,214 and total assets of $7,125,852. The company has a current ratio of 2.7 times, accounts receivable of $1,715,363, cash of $315,488, and current liabilities of $870,938.

11. Based on the information above, what are the days of sales outstanding?

12. Based on the information above, calculate the total current assets.

13. Based on the information above, how much inventory does the firm have?

14. Based on the information above, what is the inventory turnover ratio?

15. Based on the information above, if the companys goal is to achieve days of sales outstanding of 30 days, then how much will account receivables be?