The Kretovich Company had a quick ratio of 1.4, a current ratio of 3.0, an inventory turnover of 6…


Question Description:

25

The Kretovich Company had a quick ratio of 1.4, a current ratio of 3.0, an inventory turnover of 6 times, total current assets of $810,000, and cash and marketable securities of $120,000.What were Kretovich”s annual sales and its DSO? Assume a 365-day year.

Answer

25