Question
1 Inventory $29,000 AccountsReceivable 23,000 AccountsPayable 11,000 Credit sales = 180,000 COGS = 135,000 1) Howmanydaysareintheaccountspayableperiod? 2)Howmanydaysareintheoperatingcycle? 3)Howmanydaysareintheaccountsreceivableperiod? 4) Howmanydaysareinthecashcycle? Please answer with detailed explaination.
1 Inventory
$29,000
AccountsReceivable
23,000
AccountsPayable
11,000
Credit sales = 180,000
COGS = 135,000
1) Howmanydaysareintheaccountspayableperiod?
2)Howmanydaysareintheoperatingcycle?
3)Howmanydaysareintheaccountsreceivableperiod?
4) Howmanydaysareinthecashcycle?
Please answer with detailed explaination.
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Accounting Chapters 1-13
Authors: Carl Warren
27th Edition
1337272108, 978-1337272100
