Chapter 1, Problem 29DQ

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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. 58.38 b. 47.47 c. 26.71 d. 37.62 financial accounting problem