On average, Furniture & More is able to sell its inventory in 54.2 days and takes 65.3

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On average, Furniture & More is able to sell its inventory in 54.2 days and takes 65.3 days on average to pay for its purchases. Its average customer pays with a credit card which allows the company to collect its receivables in 2.9 days.

Given this information, what is the length of operating cycle?

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Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

ISBN: 978-1337614689

9th edition

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

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Posted Date: Sep 15, 2023 12:57 AM

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On average, Furniture & More is able to sell its inventory in 54.2 days and takes 65.3

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The operating cycle of a company is calculated using the followi... View the full answer

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

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