Question
The following are some figures from Laura Sweet Company's 2020 financial statements: (in thousands) Cash$234 AR300 Inventory346 NetPP&E6,625 AP287 Note Payable1,448 Long-termDebt2,268 CommonShares1,264 Retained Earnings2,335
The following are some figures from Laura Sweet Company's 2020 financial statements: (in thousands)
Cash$234
AR300
Inventory346
NetPP&E6,625
AP287
Note Payable1,448
Long-termDebt2,268
CommonShares1,264
Retained Earnings2,335
Sales4,133
COGS2,585
Depreciation524
Interest547
IncomeTax78
Required:Calculate the following ratio (round your answer to two decimals, percentage should be expressed with decimals, e.g. 14% = 0.14)
Days' Sales in Inventory
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Management Science The Art Of Modeling With Spreadsheets
Authors: Stephen G. Powell, Kenneth R. Baker
3rd Edition
0470530677, 978-0470530672
