Question
Kato Corporation has provided the following data: Year 1 Year 2 Accounts receivable..... $269,000 $290,000 Inventory...................... $190,000 $160,000 Sales on account....... $1,340,000 Cost of goods
Kato Corporation has provided the following data:
Year 1 Year 2
Accounts receivable..... $269,000 $290,000
Inventory...................... $190,000 $160,000
Sales on account....... $1,340,000
Cost of goods sold... $ 525,000 The company's operating cycle for Year 2 is closest to:
| 197.9 days |
| 150.5 days |
| 79.2 days
|
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Financial Accounting An Introduction To Concepts Methods And Uses
Authors: Clyde P. Stickney, Roman L. Weil
10th Edition
0324183518, 978-0324183511
