
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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A firm has $200 million annual sales, $180 million costs of goods
sold, $40 million of inventory, and $60 million of accounts
receivable. What is its inventory turnover ratio? (4.5) What is its
DSO based on a 365-day year? (109.5 days)
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