Answered step by step
Verified Expert Solution
Question
1 Approved Answer
for 2014, tree top farms had sales of $438,000, cost of goods sold of $286,000, inventory of $154,000, accounts receivable of $46,000, and accounts payable
for 2014, tree top farms had sales of $438,000, cost of goods sold of $286,000, inventory of $154,000, accounts receivable of $46,000, and accounts payable of 38,000. for 2015, sales were $413,000, cost of goods sold was $281,000, inventory was $149,000, accounts receivables were $48,000, ad accounts payable were $36,000. what was the cash cycle for 2015 based on a 365-day year?
202.96, 190.27, 203.17,185.87,186.05
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started