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Efficiency Ratio: Deutsche Bearings Has Total Sales of $9,745,923, Inventories

Question 51

Multiple Choice

Efficiency ratio: Deutsche Bearings has total sales of $9,745,923, inventories of $2,237,435, cash and equivalents of $755,071, and days' sales outstanding of 49 days. If the company's management wanted its DSO to be 35 days, by how much will the accounts receivable have to change?


A) $373,816.23
B) -$373,816.23
C) -$379,008.12
D) $379,008.12

Correct Answer:

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