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Compute the operating cycle period for HTC Company Ltd for 2019 2019 2018 Revenue: $120 million $100 million Cost of Goods (COGS): $85 million
Compute the operating cycle period for HTC Company Ltd for 2019 2019 2018 Revenue: $120 million $100 million Cost of Goods (COGS): $85 million $60 million Inventory: $25 million $20 million Accounts Receivable (A/R): $20 million $15 million Payables $ 10 million $16 million $90 million Purchases Assume a 365 days work year Round up your intermediate calculations to 1 decimal place and your final answer to the nearest whole number e.g. Intermediate answer = 25.6125 days is 25.6 or 30.34 days is 30.3 day
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