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In the month of June, Reliant sold 60 vehicles and had account receivable of $200,000.00. A vehicle costs $50,000, accounts payable is $250,000 and the

In the month of June, Reliant sold 60 vehicles and had account receivable of $200,000.00. A vehicle costs $50,000, accounts payable is $250,000 and the cost of sales is 75%, and the current value of total inventory is $500,000.00. Calculate the following metrics for Reliant: - The average daily sales - Avg. days of accounts receivable - The average daily cost of sales - Avg. days of inventory - Avg. days of accounts payable - Cash to cash cycle time - Ideally, should inventory days outstanding and cash-to-cash cycle time increase or decrease?

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