Sunland Sports Equipment Company just reported the following financial information. Cash Assets Accounts receivable Inventories Total...

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Sunland Sports Equipment Company just reported the following financial information. Cash Assets Accounts receivable Inventories Total current assets Sunland Sports Equipment Company $848,000 2,310,000 1,575,000 $4,733,000 Liabilities and Equity Accounts payable Notes payable Total current liabilities Net sales Sales and Costs Cost of goods sold $1,890,000 2,843,000 $4,733,000 $12,127,500 $7,276,500 Calculate the firm's days' sales outstanding. (Use 365 days for calculation. Do not round intermediate calculations. Round answer to 1 decimal place, e.g. 15.1.) Days' sales outstanding days. Sunland Sports Equipment Company just reported the following financial information. Cash Assets Accounts receivable Inventories Total current assets Sunland Sports Equipment Company $848,000 2,310,000 1,575,000 $4,733,000 Liabilities and Equity Accounts payable Notes payable Total current liabilities Net sales Sales and Costs Cost of goods sold $1,890,000 2,843,000 $4,733,000 $12,127,500 $7,276,500 Calculate the firm's days' sales outstanding. (Use 365 days for calculation. Do not round intermediate calculations. Round answer to 1 decimal place, e.g. 15.1.) Days' sales outstanding days.

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Days sales outstanding shows how effective a business is in c... View the full answer