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What were Bailey annual sales and DSO

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Problem - Last year, Delightful Desserts had a quick ratio of 1.8, a current ratio of 5.0, an inventory turnover of 7.0, total current assets of $340,000, and cash and equivalents of $43,000. If the cost of goods sold equaled 80 percent of sales, what were Bailey's annual sales and DSO?

Reference no: EM132697171

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