Question
6. Intel corporation had annual revenue of $1,000,000, cost of revenue of $450,000, and account payable of $350,000. Intel had an average age of inventory
6. Intel corporation had annual revenue of $1,000,000, cost of revenue of $450,000, and account payable of $350,000. Intel had an average age of inventory of 20 days, an average collection period of 50 days, and an average payment period of 40 days. The resources invested in account receivables is:
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Audit Accountability And Government
Authors: Fidelma White, Kathryn Hollingsworth
1st Edition
0198262329, 978-0198262329
