On Eastern Printing Machines Co.'s income statement of 20X1, the cost of goods sold and the...

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On Eastern Printing Machines Co.'s income statement of 20X1, the cost of goods sold and the credit sales are $200 million and $240 million, respectively. The following data are from its balance sheets. Dec.31 20X1. Iventory ($millions) Dec.31 20X2 $40€ Account Receivable $30+ Account Payable $10 (a) How many days in Eastern Printing Machines' operating cycle?+ (b) How many days in Eastern Printing Machines' cash cycle? $60+ $50+ $30+ P On Eastern Printing Machines Co.'s income statement of 20X1, the cost of goods sold and the credit sales are $200 million and $240 million, respectively. The following data are from its balance sheets. Dec.31 20X1. Iventory ($millions) Dec.31 20X2 $40€ Account Receivable $30+ Account Payable $10 (a) How many days in Eastern Printing Machines' operating cycle?+ (b) How many days in Eastern Printing Machines' cash cycle? $60+ $50+ $30+ P

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