Question: A business has a current ratio of 2. Current assets consist of inventory of $10m and current liabilities of $15m. The company gives on

A business has a current ratio of 2. Current assets consist of

A business has a current ratio of 2. Current assets consist of inventory of $10m and current liabilities of $15m. The company gives on average 36.5 days credit to its customers. Required Calculate the annual credit sales.

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Answer 15 million 2 75 million 75 million 365 20549 20549 365 749571 So the companys annual credit s... View full answer

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