Intro

You have the following balance sheet and income statement information for Epic Corp.:

Balance sheet	$
Accounts receivable (A/R)	2,400
Inventory	4,000
Accounts payable (A/P)	650

Income statement	$
Sales	8,000
Cost of goods sold (COGS)	6,400

All sales and purchases were on credit.

Attempt 1/10 for 8.5 pts.

Part 1

How long is the days' sales in inventory (in days)?

Submit

Attempt 1/10 for 8.5 pts.

Part 2

How long is the average collection period (in days)?

Submit

Attempt 1/10 for 8.5 pts.

Part 3

How long is the average payment period (in days)?

Submit

Attempt 1/10 for 8.5 pts.

Part 4

How long is the cash cycle (in days)?

Submit