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Assume a company had sales on account of $135,000 and its beginning and ending balances in accounts receivable were $12,000 and $8,000, respectively. In addition,
Assume a company had sales on account of $135,000 and its beginning and ending balances in accounts receivable were $12,000 and $8,000, respectively. In addition, its cost of goods sold was $108,000 and its beginning and ending inventory balances were $10,000 and $14,000, respectively. The operating cycle is closest to: Multiple Choice 58.59 days. 67.59 days. 54.59 days. 63.59 days.
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