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QUESTION
A company had a quick ratio of 1.4, a current ratio of 3.0, an inventory turnover of 6 times, total current assets of $810 000, and cash and...
A company had a quick ratio of 1.4, a current ratio of 3.0, an inventory turnover of 6 times, total current assets of $810 000, and cash and marketable securities of $120 000. What were company’s annual sales and its DSO? Assume 365-day year.
