Suppose that MMK Industries has annual sales of ($1) million, cost of goods sold of ($650,000), average

Question:

Suppose that MMK Industries has annual sales of $$1$ million, cost of goods sold of $$650,000$, average inventories of $$116,000$, and average accounts receivable of $$150,000$. Assuming that all MMK’s sales are on credit, what will be the firm’s operating cycle?

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