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What was blue approximate receivable days outstanding

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Question - Abbott Co. had the following accounts on its 12/31/20 balance sheet:

Cash $1,267,038

Accounts Receivable 490,816

Inventory 338,599

Prepaid Expenses 292,511

Total Current Liabilities 1,648,753

Abbott's quick ratio for 2020 was?

A. 0.77

B. 1.07

C. 1.27

D. 1.45

Blue Corporation had Accounts Receivable (net) on its 12/31/21 and 12/31/20 balance sheets of $625,000 and $575,000 respectively. Blue"s Net Sales for the fiscal year 2021 were $12,000,000, and it's Cost of Goods Sold was $5,000,000. What was Blue's approximate receivable days outstanding for 2021?

A. 13

B. 18

C. 22

D. 44

Which of the following is a measure of market equity risk?

A. Beta

B. Quick ratio

C. Altman z-score

D. Beneish M-score

Reference no: EM133147142

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