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The following are some figures from Laura Sweet Companys 2020 financial statements: (in thousands) Cash $234 AR 300 Inventory 346 Net PP&E 6,625 AP 287
The following are some figures from Laura Sweet Companys 2020 financial statements: (in thousands)
Cash $234
AR 300
Inventory 346
Net PP&E 6,625
AP 287
Note Payable 1,448
Long-term Debt 2,268
Common Shares 1,264
Retained Earnings 2,335
Sales 4,133
COGS 2,585
Depreciation 524
Interest 547
Income Tax 78
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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