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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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781119795438
5th Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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