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Calculate (a) the accounts receivable period, (b) accounts payable period, (c) inventory period, and (d) cash cycle for the following firm. (Use 365 days a
Calculate (a) the accounts receivable period, (b) accounts payable period, (c) inventory period, and (d) cash cycle for the following firm. (Use 365 days a year. Do not round intermediate calculations. Round your answers to 1 decimal place.)
Income Statement Data: | ||||
Sales | $ | 6,200 | ||
Cost of goods sold | 5,400 | |||
Balance Sheet Data: | ||||
Inventory | $ | 790 | ||
Accounts receivable | 230 | |||
Accounts payable | 390 | |||
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