Question
A company has the following debts sales = $3,000,000 costing sales = $1,500,000 average receivables = $500,000 average inventory = $300,000 average payable = $200,000
A company has the following debts sales = $3,000,000 costing sales = $1,500,000 average receivables = $500,000 average inventory = $300,000 average payable = $200,000 The material cost represent 50% of the cost of sales. Credit sales account for 80% of the total sales. Calculate the cash operating cycle.
DO NOT COPY FROM CHEGG, OR I HAVE TO REPORT.
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Accounting For Managers And Entrepreneurs
Authors: Charles T. Horngren
8th Edition
1269778684, 9781269778688
