During the past month a firm shows the following metrics: Average days of accounts receivable 6.75 days

Question:

During the past month a firm shows the following metrics:

Average days of accounts receivable 6.75 days

Average daily cost of sales $ 35,000

Current total value of inventory $ 300,000

Current value of accounts payable $ 200,000

Compute the cash- to- cash cycle time. Round to two decimal places in all of your calculations.

Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...