A firm reports the following data: Sales: $445,000 Accounts Receivable Balance: $50,000 Cost of Goods Sold:...

 

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A firm reports the following data: Sales: $445,000 Accounts Receivable Balance: $50,000 Cost of Goods Sold: $280,000 Inventory Balance: $50,000 Accounts Payable Balance: $42,000 Calculate the following matrics: A/R days Inventory days A/P days Cash-to-Cash days When making your calculations, please follow conventional rules for rounding up or down to arrive at your answer. A firm reports the following data: Sales: $445,000 Accounts Receivable Balance: $50,000 Cost of Goods Sold: $280,000 Inventory Balance: $50,000 Accounts Payable Balance: $42,000 Calculate the following matrics: A/R days Inventory days A/P days Cash-to-Cash days When making your calculations, please follow conventional rules for rounding up or down to arrive at your answer.

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To calculate the metrics we need to use the following formulas AR days Accounts Receivable Balanc... View the full answer