In 2016, Bien has average inventory of $105 million, and average receivable of $100 million. it had sales of $650 million and cost of goods sold of $360 million dollar.

a.) What’s inventory period, receivables period?

b.) What’s the operaring cycle?

Answer rating: 100% (QA)

Inventory Period and Receivables Period a Inventory Period Formula Inventory Period Days Average Inv... View the full answer