Manu enterprises is a textile manufacturing corporation with an average inventory of $8,700, average receivables of $10,300 and average payables of $5,600. The sales on credit and cost of goods sold of manu enterprises for the same year were $35,000 and $19,500 respectively

Calculate for manu enterprises the following

1. operating cycle
2. Cash cycle

Answer rating: 100% (QA)

ANSWER To calculate the operating cycle and cash cycle for Manu Enterprises well use the following f... View the full answer