Given the following financial statement data, calculate the net operating cycle for this company. The net operating

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Given the following financial statement data, calculate the net operating cycle for this company.

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The net operating cycle of this company is closest to:
A. 3.8 days.
B. 24.3 days.
C. 51.7 days.

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Corporate Finance A Practical Approach

ISBN: 9781118217290

2nd Edition

Authors: Michelle R Clayman, Martin S Fridson, George H Troughton, Matthew Scanlan

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Question Posted: Mar 30, 2024 01:01 AM

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Given the following financial statement data, calculate the net operating cycle for this company. The net operating

Question:

In millions Credit sales $40,000 Cost of goods sold $30,000 Accounts receivable $3,000 Inventory Beginning balance $1,500 Inventory Ending balance $2,000 Accounts payable $4,000

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The net operating cycle is the number of days it takes for a company to conve...View the full answer

Corporate Finance A Practical Approach

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