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Zarruk Construction's DSO is 50 days (on a 365-day basis), accounts receivable are $100 million, and its balance sheet shows inventory of $200 million.
Zarruk Construction's DSO is 50 days (on a 365-day basis), accounts receivable are $100 million, and its balance sheet shows inventory of $200 million. The firm's cost of goods sold is 70% of sales. What is the inventory turnover ratio? a. 6.21 O b. 2.00 c.5.11 d.3.65 Oe2.56 Hide Feedback Incorrect 4
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
14th edition
007745443X, 978-0073530727, 73530727, 978-0077454432
