Merrifield Cosmetics calculates that its operating cycle for last year was 76 days The company had $230,000 in its accounts receivable account and had sales of $1 92 million Approximately how many days does it take from the time the raw materials are received at Merrifield until the finished produc...

Merrifields days sales in inventory is calculated as follows Operat ...

Merrifield Cosmetics calculates that its operating cycle for last year was 76 days. The company had $230,000

Question:

Merrifield Cosmetics calculates that its operating cycle for last year was 76 days. The company had $230,000 in its account and had sales of $1.92 million. Approximately how many days does it take from the time the raw materials are received at Merrifield until the finished products they are used to produce are sold?
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...