Telecraft Enterprises carries 45 days of inventory in its stores. Last year Telecraft reported net sales of

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Telecraft Enterprises carries 45 days of inventory in its stores. Last year Telecraft reported net sales of $1,400,000 and had receivables of $325,000 at the end of the year. What is the operating cycle at Telecraft?

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Fundamentals of corporate finance

ISBN: 978-0470876442

2nd Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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Question Posted: Jun 12, 2012 01:11 AM

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Telecraft Enterprises carries 45 days of inventory in its stores. Last year Telecraft reported net sales of

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Fundamentals of corporate finance

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