Premier Corp. has net sales of $1,000,000, and cost of goods sold equal to 76 percent of
Fantastic news! We've Found the answer you've been seeking!
Question:
Premier Corp. has net sales of $1,000,000, and cost of goods sold equal to 76 percent of net sales. Assume all sales are credit sales. If the firm’s accounts receivable total $127,000 and its operating cycle is 79.0 days, how much inventory does the firm have? (Round answer to nearest dollar, e.g. 5,275.)
The firm’s inventory is $.............. |
Related Book For
Fundamentals of corporate finance
ISBN: 978-0470876442
2nd Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
Posted Date: