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Ivanhoe Automotives balance sheet at the end of its most recent fiscal year shows the following information: Ivanhoe Automot

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Current Ratio 2.21 Current Ratio = Current Assets / Current Liabilities Current Assets Current Liabilities $ $ 430,000 195,00

Days Sales Outstanding 13.73 days Days Sales Outstanding = (Accounts Receivable / Net Credit sales ) 365 days Days Sales Ou

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