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Coronation Computers Sales and Service has annual sales revenue of $2,950,000 cost of goods sold of $1,340,500 an opening inventory of $380,000, a closing inventory
Coronation Computers Sales and Service has annual sales revenue of $2,950,000 cost of goods sold of $1,340,500 an opening inventory of $380,000, a closing inventory of 290,000, and accounts receivable of $375,000. If it purchases all of its stock on credit and carries accounts payable of $199,000, what is the length of the operating cash cycle (OOC) for the business? (4 marks)
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