Question
1. Suppose that Tucker Industries has annual sales of $5.60 million, cost of goods sold of $2.84 million, average inventories of $1,155,000, and average accounts
1. Suppose that Tucker Industries has annual sales of $5.60 million, cost of goods sold of $2.84 million, average inventories of $1,155,000, and average accounts receivable of $560,000. Assuming that all of Tucker's sales are on credit, what will be the firm's operating cycle? (Round your answer to 2 decimal places.)
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M Finance
Authors: Marcia Cornett, Troy Adair, John Nofsinger
6th Edition
1266827870, 9781266827877
