Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A company has the information about the following accounting numbers: Cost of Goods Sold = $11,375, Accounts Receivable = $3,575, Inventory = $1,337, Sales =
A company has the information about the following accounting numbers: Cost of Goods Sold = $11,375, Accounts Receivable = $3,575, Inventory = $1,337, Sales = $14,750, and Accounts Payable = $1,910. What is the company's cash cycle?
a. | 88.05 days | |
b. | 93.58 days | |
c. | 131.37 days | |
d. | 204.32 days | |
e. | 70.08 days |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started