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NovaTech Solutions has the following financial information: Sales: $4,800 Cost of Goods Sold (COGS): $3,600 Inventory: $720 • Accounts Receivable: $630 Assume that all sales are on credit. How many days, on average, does it take NovaTech Solutions to sell its inventory?

NovaTech Solutions has the following financial information: Sales: $4,800 Cost of Goods Sold (COGS): $3,600 Inventory: $720 • Accounts Receivable: $630 Assume that all sales are on credit. How many days, on average, does it take NovaTech Solutions to sell its inventory?

Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter21: Supply Chains And Working Capital Management
Section: Chapter Questions
Problem 2P: Medwig Corporation has a DSO of 17 days. The company averages 3,500 in sales each day (all customers...
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NovaTech Solutions has the following financial information: Sales: $4,800 Cost of Goods Sold (COGS): $3,600 Inventory: $720 • Accounts Receivable: $630 Assume that all sales are on credit. How many days, on average, does it take NovaTech Solutions to sell its inventory?
Transcribed Image Text:NovaTech Solutions has the following financial information: Sales: $4,800 Cost of Goods Sold (COGS): $3,600 Inventory: $720 • Accounts Receivable: $630 Assume that all sales are on credit. How many days, on average, does it take NovaTech Solutions to sell its inventory?
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