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If the cost of goods sold equaled 86 per cent of sales what

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W.F. Bailey Company had a quick ratio of 1.4, a current ratio of 3.0, an inventory turnover of 5x, total current assets of $810,000, and cash and equivalents of $120,000. If the cost of goods sold equaled 86 per cent of sales, what were Bailey's annual sales and DSO?

Reference no: EM13569225

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