Sales from the previous year were $115,000,000 and the cost of goods sold was $61,750,000. The beginning

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Sales from the previous year were $115,000,000 and the cost of goods sold was $61,750,000. The beginning inventory for this year was $2,350,000. What is the cash-to-cash cycle based on this information?

Use COGS (as opposed to purchases) to determine AP; use ending inventory to determine DII.

Related Book For answer-question

Horngrens Accounting

ISBN: 978-0134674681

12th edition

Authors: Tracie L. Miller nobles, Brenda L. Mattison, Ella Mae Matsumura

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Posted Date: Aug 22, 2023 03:55 AM

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Sales from the previous year were $115,000,000 and the cost of goods sold was $61,750,000. The beginning

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Horngrens Accounting

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