D Question 16 As a junior financial analyst for Trustworthy Susan\'s State Bank,

Question

D Question 16 As a junior financial analyst for Trustworthy Susan's State Bank, you are preparing a report on Fmc Home Builders. You question the liquidity, solvency, and asset management ratios. You are given for fiscal year 2008 total equity of $2.322.624.80, inventory of $90.370.54, gross prot of $2.699.62238, current assets of $750.552.38, accounts payable of s206,976.57, COGs of $2194,54437,ttal assets of $12.323.220.94,revenue of $4,894,166.75, and accounts receivable of $590,580.71. What is the amount of days' sales in receivables? 23.3437 44.0447 O 39.1998 O12.7730

Explanation / Answer

Days sales in receivables=(Accounts receivables/Revenue)*365 days

=(590580.71/4894166.75)*365 days

which is equal to

=44.0447 days(Approx).

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