Question
A supplier has the following financial information available: Cash: $100,000 Current Assets: $1,000,000 Fixed Assets: $1,000,000 Total Assets: $2,000,000 Current Liabilities: $500,000 Total Liabilities:
A supplier has the following financial information available: Cash: $100,000 Current Assets: $1,000,000 Fixed Assets: $1,000,000 Total Assets: $2,000,000 Current Liabilities: $500,000 Total Liabilities: $1,000,000 Equity: $50,000 Receivables: $100,000 Sales: $2,000,000 COGS: $800,000 Profit After Taxes: $600,000 Inventory: $400,000 What is the supplier's days sales outstanding?
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Financial ACCT2
Authors: Norman H. Godwin, C. Wayne Alderman
2nd edition
9781285632544, 1111530769, 1285632540, 978-1111530761
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