Multiple Choice
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 days.
B) 52 days.
C) 39 days.
D) 82 days.
E) 67 days.
Correct Answer:
Verified
Correct Answer:
Verified
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