Question
Linear Technology had sales (all on credit) of $36 million and a gross profit margin of 30% last year. If Linear Technologys inventory averaged $3.9
Linear Technology had sales (all on credit) of $36 million and a gross profit margin of 30% last year. If Linear Technologys inventory averaged $3.9 million and its accounts receivables were $5 million, what was the length of the operating cycle?
a) 90.2 days
b)128.9 days
c)111.9 days
d)107.2 days
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N Hyman
12th Edition
0357442156, 978-0357442159
