Question
Use the selected financial data from GEX Company to answer questions : Inventory$57 million Accounts receivable52 million Current assets129 million Total assets324 million Accounts payable36
Use the selected financial data from GEX Company to answer questions :
Inventory$57 million
Accounts receivable52 million
Current assets129 million
Total assets324 million
Accounts payable36 million
Current liabilities61 million
Total liabilities163 million
Total stockholder's equity161 million
Net sales345 million
Cost of goods sold248 million
Operating profit23 million
Income tax expense4 million
Net profit11 million
d, Calculate days inventory held.
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
15th edition
1337671002, 978-1337395250
