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Requesting assistance for two problems. Need to see the work please. Thank you. 1. Danny D. Inc. had cost of goods sold of $5,200, net
Requesting assistance for two problems. Need to see the work please. Thank you.
1. Danny D. Inc. had cost of goods sold of $5,200, net working capital of $120, total current assets
of $600, and a quick ratio of 0.8. What is Danny D's days' sales in inventory?
2.Martin's Method Acting School has a current ratio of 2, a quick ratio of 1.8, net income of
$180,000, a profit margin of 10%, and an accounts receivable balance of $150,000. What is the
firm's average collection period?
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