Question
ABC companys data for FY2020 are as follows: Sales (credit sales) $6,205,000 Receivables 330,000 Inventory 870,000 Cost of Goods Sold 4,380,000 ABC company uses a
ABC companys data for FY2020 are as follows: Sales (credit sales) $6,205,000 Receivables 330,000 Inventory 870,000 Cost of Goods Sold 4,380,000 ABC company uses a 365-day year when computing ratios.
ABCs average inventory processing period (AIP)?
a.51.18 days b.65.00 days c.71.51 days d. 72.50 days
What is the operating cycle?
a.51.18 days b.91.91 days c. 92.21 days d. 93.21 days
please show work
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International Finance Theory and Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz
10th edition
978-0133425895, 133425894, 978-0133423631, 133423638, 978-0133423648
