Happy Turtle Transporters Inc. has forecasted sales of $29,000,000 for next year and expects its cost...

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Happy Turtle Transporters Inc. has forecasted sales of $29,000,000 for next year and expects its cost of goods soid (COGS) to remain at 60% of sales. Currently, the firm holds $3,200,000 in inventories, $2,300,000 in accounts receivable, and $2,500,000 in accounts payable. Approximately how long does it take Happy Turtle Transporters to convert its raw materials to its finished products and then to sell those goods? (Note: In all calculations, assume that there are 365 days in a year.) 67.13 days 57.06 days 60.42 days 46.99 days On average, It takes from the time a sale is made until the time cash is collected from customers. after the firm Happy Turtle Transporters reles on customer credit when it buys raw materials from its suppliers. On average, it takes purchases materials before it sends cash to its suppliers. Happy Turtle Transporters Inc. has forecasted sales of $29,000,000 for next year and expects its cost of goods soid (COGS) to remain at 60% of sales. Currently, the firm holds $3,200,000 in inventories, $2,300,000 in accounts receivable, and $2,500,000 in accounts payable. Approximately how long does it take Happy Turtle Transporters to convert its raw materials to its finished products and then to sell those goods? (Note: In all calculations, assume that there are 365 days in a year.) 67.13 days 57.06 days 60.42 days 46.99 days On average, It takes from the time a sale is made until the time cash is collected from customers. after the firm Happy Turtle Transporters reles on customer credit when it buys raw materials from its suppliers. On average, it takes purchases materials before it sends cash to its suppliers.

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