Question: Based on the Inventory figure 40,000 compute inventory turnover ratio. Using the income statement of the firm, we retrieve the following information: AR = 25.000

Based on the Inventory figure 40,000 compute inventory turnover ratio. Using the income statement of the firm, we retrieve the following information: AR = 25.000 USD, COGS = 455.080 USD and sales = 685.000 USD. Use these data to compute days sales in receivables. Comment.

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