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What were the company annual sales and dso

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Problem 1: 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 the company's annual sales and DSO?

Reference no: EM132832975

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