Assume that there are 365 days in a year, determine the accounts receivable period, accounts payable...
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Assume that there are 365 days in a year, determine the accounts receivable period, accounts payable period, inventory period, and cash conversion cycle for the following firm. Provide your answer in whole numbers. Income statement data: $ 5850 $ 3735 Sales Cost of goods sold Balance sheet data: $ 562 $ 198 $ 162 Inventory Accounts receivable Accounts payable Express your answer in days in whole number. Assume that there are 365 days in a year, determine the accounts receivable period, accounts payable period, inventory period, and cash conversion cycle for the following firm. Provide your answer in whole numbers. Income statement data: $ 5850 $ 3735 Sales Cost of goods sold Balance sheet data: $ 562 $ 198 $ 162 Inventory Accounts receivable Accounts payable Express your answer in days in whole number.
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To calculate the accounts receivable period we use the formula Accounts receivable period Accounts r... View the full answer
Related Book For
Business Statistics A Decision Making Approach
ISBN: 9780133021844
9th Edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry
Posted Date:
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