Question: Determine Bimbo's operations cycle and the industry average with 360 days and determine which is the best? NOTE: amounts in days without decimals rounded to
Determine Bimbo's operations cycle and the industry average with 360 days and determine which is the best? NOTE: amounts in days without decimals rounded to the base of .50 example 12.456 = 12 Bimbo Industry average Inventory turnover 12 4.5 Accounts receivable turnover 18.50 9 Requested: Bimbo inventory days Days of accounts receivable Bimbo Bimbo's Operating Cycle Industry Average Days of Inventory Industry Average Days of Accounts Receivable Industry Average Operating Cycle Determining the best operating cycle is answered as follows in capital letters: A = Bimbo o B=industry average.
Step by Step Solution
There are 3 Steps involved in it
1 Inventory Turnover Bimbo 12 days Industry Average 45 days 2 Accounts Receivable Turnov... View full answer
Get step-by-step solutions from verified subject matter experts
