Question: Bobby'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. 26.71 b. 47.47 c. 58.38 d. 37.62
Question: Bobby'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. 26.71 b. 47.47 c. 58.38 d. 37.62
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 6P
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Transcribed Image Text:Question:
Bobby'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. 26.71
b. 47.47
c. 58.38
d. 37.62
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