Question: When reviewing the company's performance for 2002, its CFO observed that the company's inventory turnover ratio was below the industry average inventory turnover ratio of

When reviewing the company's performance for 2002, its CFO observed that the company's inventory turnover

ratio was below the industry average inventory turnover ratio of 6.0. In addition, the

company's DSO (day's sales outstanding, calculated on a 365-day basis) was less than the industry average of 50 (that is, DSO < 50).

On the basis of this information, what is the most likely estimate of the company's sales (in millions of pesos)

for 2002?

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