question archive 1) Here are several ratios calculated from Midas Company's financial statements: Days in Receivables = 55 Days in Payables = 39 Days in Inventory = 38 How many days of working capital financing does Midas need to obtain from other sources? a
1) Here are several ratios calculated from Midas Company's financial statements: Days in Receivables = 55 Days in Payables = 39 Days in Inventory = 38 How many days of working capital financing does Midas need to obtain from other sources? a
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1) Here are several ratios calculated from Midas Company's financial statements:
Days in Receivables = 55
Days in Payables = 39
Days in Inventory = 38
How many days of working capital financing does Midas need to obtain from other sources?
| a. |
59 days |
|
| b. |
56 days |
|
| c. |
54 days |
|
| d. |
61 days |
2) Asset turnover represents
A. The ability to manage the level of investment in assets for a particular level of assets.
B. The number of days, on average, it takes management to turnover assets.
C. The ability to generate sales from a investment in assets.
D. The ability of the firm to generate income from operations for a particular level of sales.
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