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.

Answer rating: 100% (QA)

To calculate the accounts receivable period we use the formula Accounts receivable period Accounts r... View the full answer