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Crane Construction, Inc., reported the following balance sheet information for the last fiscal year. Crane also reported net sales of $982,200 and days sales in
Crane Construction, Inc., reported the following balance sheet information for the last fiscal year. Crane also reported net sales of $982,200 and days sales in inventory of 48.60 days.
Assets | |
Cash and marketable securities | $15,090 |
Accounts Receviable | $140,700 |
Inventories | $299,650 |
Other current assets | $12,855 |
Total current assetws | $468,295 |
Calculate the firms operating cycle. (Round answer to 2 decimal places, e.g., 12.52.)
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