Homework Help is Here – Start Your Trial Now!
Business
Accounting
Bobby's inventory turnover ratio is 17.58based 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 market able securities equal $672,434, what is the firm's days sales outstanding? a. 26.71 b. 47.47 c. 58.38  d. 37.62

Bobby's inventory turnover ratio is 17.58based 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 market able securities equal $672,434, what is the firm's days sales outstanding? a. 26.71 b. 47.47 c. 58.38  d. 37.62

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 4PA: Measures of liquidity, solvency, and profitability The comparative financial statements of Marshall...
See similar textbooks
icon
Related questions
Question

Bobby's inventory turnover ratio is 17.58based 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 market able securities equal $672,434, what is the firm's days sales outstanding? a. 26.71 b. 47.47 c. 58.38  d. 37.62

Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
SEE MORE TEXTBOOKS