Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If the turnover of accounts receivable is 5 times, the company's operating cycle is equal to 100 days, the cost of sales is 500 thousand

image text in transcribed

If the turnover of accounts receivable is 5 times, the company's operating cycle is equal to 100 days, the cost of sales is 500 thousand dinars, the average receivable is 200 thousand dinars, then the number of days of selling inventory is equal to: 100 days 73 days 27 days It cannot be calculated from the current information

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Accounting Information For Decision Making

Authors: Anthony A. Atkinson

7th Edition

1618533517, 9781618533517

More Books

Students also viewed these Accounting questions