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Consider the following details about a firm from the past year. Assume that this sample time period provides a good estimate for the firm's cycles.
Consider the following details about a firm from the past year. Assume that this sample time period provides a good estimate for the firm's cycles. What is its Operating Cycle?
March 1 - Acquire Inventory
March 20 - Pay $25,000 for Inventory
April 22 - Sell Inventory on Credit
May 23 - Collect $40,000 for Sale on Credit
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