Question
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 | $ | 6,300 | ||
| Cost of goods sold | 5,500 | |||
| Balance Sheet Data: | ||||
| Inventory | $ | 810 | ||
| Accounts receivable | 240 | |||
| Accounts payable | 400 | |||
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National Finance A Chinese Perspective
Authors: Yunxian Chen, Heming Yong
1st Edition
9813360917, 978-9813360914
