Question: Miriam Inc. had a a gross margin 28%, quick ratio of 1.2, a current ratio of 2.2, an inventory turnover of 5 times, total current

 Miriam Inc. had a a gross margin 28\%, quick ratio of

Miriam Inc. had a a gross margin 28\%, quick ratio of 1.2, a current ratio of 2.2, an inventory turnover of 5 times, total current assets of $805,663, and cash and marketable securities of $132,778. What were Miriam's Accounts Receivables Days? Assume 365 days ayear. Input your response rounded to one decimal point. So, if your response is 25.6 days, inout 25.6

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!