Premier Manufacturing has inventory of $4 million and current liabilities of $3 million. Cost of sales is $12 million annually and revenue is $18 million. What would be the accounts receivable days if the current ratio is 2? Assume 365 days in a year.

Premier Manufacturing has inventory of $4 million and current liabilities of $3 million. Cost of sales is $12 million annually and revenue is $18 million. What would be the accounts receivable days if the current ratio is 2? Assume 365 days in a year.

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 1P: Greene Sisters has a DSO of 20 days. The companys average daily sales are 20,000. What is the level...

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Hello tutor please provide correct answer general Accounting

Premier Manufacturing has inventory of $4 million and current
liabilities of $3 million. Cost of sales is $12 million annually and
revenue is $18 million. What would be the accounts receivable
days if the current ratio is 2? Assume 365 days in a year.

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