Question: 5. Using the table below and a 365-day year, calculate the length of the operating cycle $ Inventories: Raw materials 250,000 Work in progress 115,000

5. Using the table below and a 365-day year, calculate the length of the operating cycle $ Inventories: Raw materials 250,000 Work in progress 115,000 Finished goods 186,000 Purchases 1,070,000 Cost of goods sold 1,485,000 Sales Receivables Trade payables A. 174 days. B. 182 days. C. 193 days. D. 293 days. 1,636,000 345,000 162,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

need answers to these accounting n MI Jennifer Dawes is a young, vibrant entrepreneur whose business venture, Jennifer Limited, has rapidly expanded as she developed new product lines and gained new...

Q:

Question 2 Jennifer Dawes is a young, vibrant entrepreneur whose business venture, Jennifer Limited, has rapidly expanded as she developed new product lines and gained new customers. She has found,...

Q:

Jennifer Dawes is a young, vibrant entrepreneur whose business venture, Jennifer Limited, has rapidly expanded as she developed new product lines and gained new customers. She has found, however,...

Q:

Jennifer Dawes is a young, vibrant entrepreneur whose business venture, Jennifer Limited, has rapidly expanded as she developed new product lines and gained new customers. She has found, however,...

Q:

Question 2 Jennifer Dawes is a young, vibrant entrepreneur whose business venture, Jennifer Limited, has rapidly expanded as she developed new product lines and gained new customers. She has found,...

Q:

Jennifer Dawes is a young, vibrant entrepreneur whose business venture, Jennifer Limited, has rapidly expanded as she developed new product lines and gained new customers. She has found, however,...

Q:

Question 2 Jennifer Dawes is a young, vibrant entrepreneur whose business venture, Jennifer Limited, has rapidly expanded as she developed new product lines and gained new customers. She has found,...

Q:

I need help finding calculations using the information on the financial sheets attached. Clipboard Number Font Alignment H6 F + INSERT BELOW MSFT INCOME STATEMENT AS ORIGINALLY STATED 2 Gross Profit...

Q:

3. The fabricating company carries on a manufacturing business. Information extracted from its trial balance at 31st March 2011 is as follows: $ $ 700 000 Sales Purchases of raw material Carriage...

Q:

accounting Practice exercise A manufacturing company, Maraisane Lid, provided the following information on the purchase and payment of four products; three main products D, E and F jointly emerge in...

Q:

. The impulse response and input signal h(t) and x(t) for continuous time and h[n] and x[n] for discrete time for an LTI system are provided as below: a. h(t) = u(t)- u(t-1), x(t) = u(t - 2) - u(t ...

Q:

The intersection between the surface x + y +z = -3 and the circle x? +y? = 9,z =0 is Yantnz: o The point (0,0,0) O The point (- 3,0, 3) O The point (- 3, 3,0) O The point (0,0, 3) O The point (0,...

Q:

Before the 2 0 0 8 financial crisis, the state of many U . S . banks included [ I ] Decline in loan denial rates [ II ] Decline in loan - to - income ratio [ III ] Low capital adequacy ratio [ IV ]...

Q:

CT Corp Comprehensive Question Canadian Tire Corporation, Limited ( Canadian Tire ) is a family of companies that includes a retail segment and a financial services division, among others. The retail...

Q:

1-18 Describe the complementary assets that firms need in order to optimize returns from their information system investments. For each type of complementary asset, give an example of a specific...

Q:

1-16 Do you think in near future, the competition between Mashaweer and Wassaly will be aggressive? Why? Mashaweer is the first personal service company in Egypt. Its purely dedicated to saving its...

Q:

1. What are business processes? How are they related to information systems?