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Question
A firm has total assets of $500 million, including its accounts receivable, which is worth $120 million. The annual sales of the firm is $650 million. The days sales outstanding (DSO) ratio of the firm is:
a. 48.2 days.
b. 52.7 days.
c. 39.6 days.
d. 82.1 days.
e. 66.5 days.
Answer
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Related questions
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