You are given the following information: Net sales were 900,000 COGS were 710,000 Find the operating cycle
Question:
You are given the following information:
Net sales were 900,000
COGS were 710,000
Find the operating cycle and then describe conditions under which this would be a good number and when it would be a badnumber.
Transcribed Image Text:
Beginning Ending 275,000 150,000 120,000 Average 210.000 130.000 105,000 Item Inventory 150,000 Accounts Receivable Accounts Payable 90,000
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Related Book For
Accounting Principles
ISBN: 978-1119048503
7th Canadian Edition Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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