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Using the balance sheet data below and one of the provided formulas, if the firm reported sales of $15,300,000 and cost of goods sold of

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Using the balance sheet data below and one of the provided formulas, if the firm reported sales of $15,300,000 and cost of goods sold of $9,187,900 in 2017 , calculate 2017 Days Sales Outstanding for the firm (use average balance sheet values). DIH=(365COGS)Avg.Inventory DSO=(365Sales)Avg.A/R DPO=(365COGS)AvgA/P 15.9 days 116.3 days 132.2 days 12.2 days

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