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Calculate the accounts receivable period, accounts payable periods, inventory period, operating cycle, and cash conversion cycle for the following firm. Assume that the following data
Calculate the accounts receivable period, accounts payable periods, inventory period, operating cycle, and cash conversion cycle for the following firm. Assume that the following data is from an annual financial report. (Use 365 days in a year. Do not round intermediate calculations. Round your answers to 2 decimal places.)
Income statement data | ||
Sales | $ | 2,000 |
Cost of goods sold | 1,500 | |
Balance sheet data | ||
Inventory | $ | 325 |
Accounts receivable | 83 | |
Accounts payable | 258 | |
Accounts receivable period days |
Inventory period days |
Accounts payable period days |
Operating cycle days |
Cash conversion cycle days |
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