AAA's inventory turnover ratio is 17.58 based on sales of $22,500,000. The firm's current ratio equals 9.47 with current liabilities equal to $380,000. If the firm's cash and marketable securities equal $672,434, what is the firm's days sales outstanding? a. 58.38 b. 47.47 c. 26.71 d. 37.62 e. 24.39

AAA's inventory turnover ratio is 17.58 based on sales of $22,500,000. The firm's current ratio equals 9.47 with current liabilities equal to $380,000. If the firm's cash and marketable securities equal $672,434, what is the firm's days sales outstanding? a. 58.38 b. 47.47 c. 26.71 d. 37.62 e. 24.39

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 15BEA: Last year, Nikkola Company had net sales of 2,299,500,000 and cost of goods sold of 1,755,000,000....

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