In 2016, Bien has average inventory of $105 million, and average receivable of $100 million. it had
Fantastic news! We've Found the answer you've been seeking!
Question:
In 2016, Bien has average inventory of $105 million, and average receivable of $100 million. it had sales of $650 million and cost of goods sold of $360 million dollar.
a.) What’s inventory period, receivables period?
b.) What’s the operaring cycle?
Related Book For
Introductory Financial Accounting for Business
ISBN: 978-1260299441
1st edition
Authors: Thomas Edmonds, Christopher Edmonds
Posted Date: