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AC Corporation has beginning Inventory of $11,800 and ending inventory of $12,900. The accounts recievable period is 26,55 days and the accounts payable turnover is
AC Corporation has beginning Inventory of $11,800 and ending inventory of $12,900. The accounts recievable period is 26,55 days and the accounts payable turnover is 7.07. Net sales are $109,100 and costs of goods sold are $56,220. a. What is the inventory period? (Use 365 days a year. Do not round Intermediate calculations and round your answers to 2 decimal places, e.g. 32.16.) b. How many days are in the operating cycle? (Use 365 days a year. Do not round Intermediate calculations and round your answers to 2 decimal places, e.g. 32.16.) c. How many days are in the cash cycle? (Use 365 days a year. Do not round Intermediate calculations and round your answers to 2 decimal places, e.g. 32.16.) Inventory period days b. Operating cycle days Cash cycle days c
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