Question
Flo's Flowers has accounts receivable of R4,511, inventory of R1,810, sales of R138,609, and cost of goods sold of R64,003. How many days does it
Flo's Flowers has accounts receivable of R4,511, inventory of R1,810, sales of R138,609, and cost of goods sold of R64,003. How many days does it take the firm to sell its inventory and collect the payment on the sale assuming that all sales are on credit?
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Fundamentals of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
12th edition
978-0133075403, 133075354, 9780133423938, 133075400, 013342393X, 978-0133075359
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