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8. Company H has annual sales (all on credit) of $1,000,000, cost of goods sold of $700,000, average inventories of $300,000, and average accounts receivable
8. Company H has annual sales (all on credit) of $1,000,000, cost of goods sold of $700,000, average inventories of $300,000, and average accounts receivable of $200,000. Calculate Company H's operating cycle. (Round to the nearest full day, if necessary.)
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