Aristotle Corp. has an inventory turnover ratio of 14.92, based on annual sales of $18,500,000. The firm reports a current ratio of 8.25 and current liabilities of also holds $410,000. The company $590,250 in cash and marketable securities. What is the firm's Days Sales Outstanding (DSO)?

Aristotle Corp. has an inventory turnover ratio of 14.92, based on annual sales of $18,500,000. The firm reports a current ratio of 8.25 and current liabilities of also holds $410,000. The company $590,250 in cash and marketable securities. What is the firm's Days Sales Outstanding (DSO)?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 12P: The Kretovich Company had a quick ratio of 1.4, a current ratio of 3.0, a days’ sales outstanding of...

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Question

What is firms days

Aristotle Corp. has an inventory turnover
ratio of 14.92, based on annual sales of
$18,500,000. The firm reports a current
ratio of 8.25 and current liabilities of
also holds
$410,000. The company
$590,250 in cash and marketable securities.
What is the firm's Days Sales Outstanding
(DSO)?

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