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Nugent, Inc, has a gross profit margin of 25.49 percent on sales of $7,42,976 and total assets of $6,872,416. The company has a current ratio of 2.69 times, accounts receivable of $1,438,163 cash and marketable securities of $197,562, and current liabilities of $831,240. What's Nugent's level of current assets? How much inventory does the firm have? what is the inventory turnover ratio? What is Nugent's day's sales outstanding? If management wants to set a target DSO of 30 days, what should Nugent's accounts receivable be?
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