Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 16 (4 points) AAA's inventory turnover ratio is 13.27 based on sales of $14,200,000. The firm's current ratio equals 3.97 with current liabilities equal

image text in transcribed
Question 16 (4 points) AAA's inventory turnover ratio is 13.27 based on sales of $14,200,000. The firm's current ratio equals 3.97 with current liabilities equal to $860,000. If the firm's cash and marketable securities equal $586,029, what is the firm's days sales outstanding? (Round your answer to two decimal places.) 87.76 72.70 45.19 60.25 41.28

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

The Oxford Handbook Of Pricing Management

Authors: Ozalp Ozer, Robert Phillips

1st Edition

0199543178, 978-0199543175

More Books

Students also viewed these Finance questions

Question

2. What are implementation intentions?

Answered: 1 week ago

Question

Create a workflow analysis.

Answered: 1 week ago