Suppose that Tucker Industries has annual sales of $5.70 million, cost of goods sold of $2.85 million, average inventories of $1,160,000, and average accounts receivable of $570,000. Assuming that all of Tucker's sales are on credit, what will be the firm's operating cycle? (Round your answer to 2 decimal places.)

Answer rating: 100% (QA)

Answer OPERATING CYCLE Inventory conversionAverage collection period Inv... View the full answer