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I'm not sure if I did it right S ots 8.3 times. What is the company's cash cycle? Assume 365 days peryear. 52.04 days 1594
I'm not sure if I did it right
S ots 8.3 times. What is the company's cash cycle? Assume 365 days peryear. 52.04 days 1594 days 3200 days 29.40 days 5255 da1s 5 pes Underground Funeral Services has annual sales of $883,300. The cost of goods sold is equal to 88 percent of sales. The firm has an average accounts receivable balance of $87.200 and an average accounts payable balance of $72.800. How many days on average does it take the firm to pay its suppliers? 40.95 days 36.63 days 34.18 days 30.08 days 31.34 daysStep by Step Solution
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