Newk Corporation has beginning accounts receivable of $6,800 and ending accounts receivable of $7,800. The Inventory...

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Newk Corporation has beginning accounts receivable of $6,800 and ending accounts receivable of $7,800. The Inventory period is 72.80 days and the accounts payable turnover is 7.07. Net sales are $109,100 and costs of goods sold are $56,220. a. What is the accounts recievable period? (Use 365 days a year. Do not round Intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. How many days are in the operating cycle? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) c. What is the accounts payable period? (Use 365 days a year. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) d. How many days are in the cash cycle? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.). a. Accounts Recievable period b. Operating cycle C. Accounts payable period d.. Cash cycle days days days days Newk Corporation has beginning accounts receivable of $6,800 and ending accounts receivable of $7,800. The Inventory period is 72.80 days and the accounts payable turnover is 7.07. Net sales are $109,100 and costs of goods sold are $56,220. a. What is the accounts recievable period? (Use 365 days a year. Do not round Intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. How many days are in the operating cycle? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) c. What is the accounts payable period? (Use 365 days a year. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) d. How many days are in the cash cycle? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.). a. Accounts Recievable period b. Operating cycle C. Accounts payable period d.. Cash cycle days days days days

Answer rating: 100% (QA)

a Accounts receivable period Ending AR Net sales x 365 7800 109100 x 365 2602 d... View the full answer