Question: Using the balance sheet data below and one of the provided formulas, if the firm reported sales of $15,300,000 and cost of goods sold of

Using the balance sheet data below and one of the provided

Using the balance sheet data below and one of the provided formulas, if the firm reported sales of $15,300,000 and cost of goods sold of $9,187,900 in 2017 , calculate 2017 Days Sales Outstanding for the firm (use average balance sheet values). DIH=(365COGS)Avg.Inventory DSO=(365Sales)Avg.A/R DPO=(365COGS)AvgA/P 15.9 days 116.3 days 132.2 days 12.2 days

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