Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

american products is concerned about managing cash efficently on the average inventories hsve an age of 90 dsys snd accounts receivable are collected in 60

american products is concerned about managing cash efficently on the average inventories hsve an age of 90 dsys snd accounts receivable are collected in 60 days accounts payable are pSid approximately 30 days after they srisd tbe firm has snnual ssles of about 30 million cost of goods sold are 20 million snd purchases are 15 million calculTe the firms operating cycle

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Managerial Finance

Authors: Scott Besley, Eugene F. Brigham

13th Edition

0324258755, 9780324258752

More Books

Students also viewed these Finance questions

Question

What was the positive value of Max Weber's model of "bureaucracy?"

Answered: 1 week ago

Question

How is the education level required for a position established?

Answered: 1 week ago

Question

Why is a job analysis important?

Answered: 1 week ago