Question
Net sales 5,000,000 Acct Rec 100,000 Acct Payable 80,000 Inv 150,000 COGS 2,500,000 Net income: 300,000 Total Assets: 10,000,000 Total Book value of equity 6,000,000
Net sales 5,000,000
Acct Rec 100,000
Acct Payable 80,000
Inv 150,000
COGS 2,500,000
Net income: 300,000
Total Assets: 10,000,000
Total Book value of equity 6,000,000
Whats the days sales in inventory for the firm?
a.36.5
b21.9
c18.25
d29.2
e.32.74
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
1st Edition
0073382256, 9780073382258
