Question: Current Liabilities- $360,000.00 Quick Ratio- 2.65 Current Ratio- 4.75 Cash- $550,000.00 # of times inventory is sold and re-stocked(inventory T/O ratio) 7.25 1) Calculate the

Current Liabilities- $360,000.00

Quick Ratio- 2.65

Current Ratio- 4.75

Cash- $550,000.00

# of times inventory is sold and re-stocked(inventory T/O ratio) 7.25

1) Calculate the total annual sales of the company

a- 550,000

b- 1,710,000

c- 5,481,000

d- 435,000

2) Find the Days Sales Outstanding:

a- 26.9

b- 35.5

c- 10.0

d- 40.0

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