A firm has $200 million annual sales, $180 million costs of goods sold, $40 million of inventory,

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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?

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Intermediate Financial Management

ISBN: 9781337395083

13th Edition

Authors: Eugene F. Brigham, Phillip R. Daves

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Question Posted: Mar 10, 2024 12:00 AM

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A firm has $200 million annual sales, $180 million costs of goods sold, $40 million of inventory,

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To calculate the inventory turnover ratio use the formula Invento...View the full answer

Intermediate Financial Management

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