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Question: Starbright Industries has an inventory turnover ratio of 15.25 based on sales of $19,500,000. The firm's current ratio equals 8.92, with current liabilities of $420,000. If the firm's cash and marketable securities equal $725,000, what is the firm's days sales outstanding (DSO)? a. 32.62 b. 47.47 c. 58.38 d. 37.62

Question: Starbright Industries has an inventory turnover ratio of 15.25 based on sales of $19,500,000. The firm's current ratio equals 8.92, with current liabilities of $420,000. If the firm's cash and marketable securities equal $725,000, what is the firm's days sales outstanding (DSO)? a. 32.62 b. 47.47 c. 58.38 d. 37.62

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question: Starbright Industries has an inventory turnover ratio of 15.25 based on sales of $19,500,000. The firm's current ratio equals 8.92, with current liabilities of $420,000. If the firm's cash and marketable securities equal $725,000, what is the firm's days sales outstanding (DSO)? a. 32.62 b. 47.47 c. 58.38 d. 37.62
Transcribed Image Text:Question: Starbright Industries has an inventory turnover ratio of 15.25 based on sales of $19,500,000. The firm's current ratio equals 8.92, with current liabilities of $420,000. If the firm's cash and marketable securities equal $725,000, what is the firm's days sales outstanding (DSO)? a. 32.62 b. 47.47 c. 58.38 d. 37.62
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