SILA has an inventory turnover ratio of 52, an accounts receivable balance of $365,000, average daily credit

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SILA has an inventory turnover ratio of 52, an accounts receivable balance of $365,000, average daily credit sales of $36,500, accounts payable of $182,500 and cost of goods sold of $7,993,500. What is Becker's operating cycle to the nearest day?

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Fundamental Managerial Accounting Concepts

ISBN: 978-0078110894

6th Edition

Authors: Edmonds, Tsay, olds

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Posted Date: Feb 22, 2023 11:38 PM

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SILA has an inventory turnover ratio of 52, an accounts receivable balance of $365,000, average daily credit

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A 54 Days sales in inventory 55 56 57 Average collecti... View the full answer

Fundamental Managerial Accounting Concepts

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