Heritage Farms has sales of $1.62 million with cost of goods sold equaling 78 percent of sales.

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Heritage Farms has sales of $1.62 million with cost of goods sold equaling 78 percent of sales. Average inventory is $369,000, accounts payable average $438,000, and accounts receivable average $147,000. How long is the cash cycle?

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Financial Reporting Financial Statement Analysis and Valuation

ISBN: 978-0324302950

6th edition

Authors: Clyde P. Stickney

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Posted Date: Jun 01, 2023 05:56 AM

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Heritage Farms has sales of $1.62 million with cost of goods sold equaling 78 percent of sales.

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The cash cycle is a financial metric that measures the time it takes for a company to convert its in... View the full answer

Financial Reporting Financial Statement Analysis and Valuation

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