Operating cycle: Premier Corp. has net sales of $812,344, and cost of goods sold equal to 70

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Operating cycle: Premier Corp. has net sales of $812,344, and cost of goods sold equal to 70 percent of net sales. If the firm’s accounts receivable total $113,902 and its operating cycle is 81.6 days, how much inventory does the firm have?

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Fundamentals Of Corporate Finance

ISBN: 9781119795438

5th Edition

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

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