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3. Assume that SBD sells product on account and the customer has 30 days to pay. In addition, assume that SBD purchases raw materials on
3. Assume that SBD sells product on account and the customer has 30 days to pay. In addition, assume that SBD purchases raw materials on account and has 45 days to pay its suppliers. Estimate the time from when SBD pays its suppliers until it collects from customers.
2. Inventories Finished products Work in process Raw materials Total \begin{tabular}{|r|r|} \hline1,0822021 & 2020 \\ \hline 129 & 957 \\ \hline 275 & 122 \\ \hline$1,486 & 226 \\ \hline \end{tabular} 2. Inventories Finished products Work in process Raw materials Total \begin{tabular}{|r|r|} \hline1,0822021 & 2020 \\ \hline 129 & 957 \\ \hline 275 & 122 \\ \hline$1,486 & 226 \\ \hline \end{tabular}Step by Step Solution
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