Seagull Trading has sales for the year of $1.375M. Cost of goods sold is $0.875M. On...

   

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Seagull Trading has sales for the year of $1.375M. Cost of goods sold is $0.875M. On its balance sheet, you see average accounts receivable of $0.225M,accounts payable of $0.105M, and inventory of $0.175M. What is its accounts receivable days? Ginger Tips Inc. has average accounts receivable days of 25, 10 days inventory on hand and average accounts payable days of 32. What is the operating cycle? XYZ Inc. has an average of 5 days Inventory on hand, 15 days accounts receivable and 30 days accounts payable. What are the implications of this on the accounts? Seagull Trading has sales for the year of $1.375M. Cost of goods sold is $0.875M. On its balance sheet, you see average accounts receivable of $0.225M,accounts payable of $0.105M, and inventory of $0.175M. What is its accounts receivable days? Ginger Tips Inc. has average accounts receivable days of 25, 10 days inventory on hand and average accounts payable days of 32. What is the operating cycle? XYZ Inc. has an average of 5 days Inventory on hand, 15 days accounts receivable and 30 days accounts payable. What are the implications of this on the accounts?

Answer rating: 100% (QA)

To calculate the accounts receivable days we need to divide the avera... View the full answer