Zenith Inc. has an inventory turnover ratio of 15.25, based on sales of $18,000,000. The firm's current ratio is 8.20, with current liabilities of $420,000. If cash and marketable securities equal $500,000, what is the firm's days sales outstanding (DSO)?

Zenith Inc. has an inventory turnover ratio of 15.25, based on sales of $18,000,000. The firm's current ratio is 8.20, with current liabilities of $420,000. If cash and marketable securities equal $500,000, what is the firm's days sales outstanding (DSO)?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 15BEA: Last year, Nikkola Company had net sales of 2,299,500,000 and cost of goods sold of 1,755,000,000....

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I am searching for the correct answer to this General accounting problem with proper accounting rules.

Zenith Inc. has an inventory turnover ratio of 15.25, based
on sales of $18,000,000. The firm's current ratio is 8.20,
with current liabilities of $420,000. If cash and marketable
securities equal $500,000, what is the firm's days sales
outstanding (DSO)?

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