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

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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General Accounting

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
Transcribed Image Text: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
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