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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.) $ 6,700 5,900 Income statement Data: Sales Cost of goods sold Balance Sheet Data: Inventory Accounts receivable Accounts payable $ 890 280 440 a. Accounts receivable period b. Accounts payable period c. Inventory period d. Cash cycle
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