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Parlow Packing currently has $ 35,750 in cash, $ 47,000 in accounts receivables, $66,000 in inventories, $ 13,000 in accrued liabilities and $ 72,000 in
Parlow Packing currently has $ 35,750 in cash, $ 47,000 in accounts receivables, $66,000 in inventories, $ 13,000 in accrued liabilities and $ 72,000 in accounts payable on its balance sheet. The firm's production manager has determined that the cost of goods sold accounts for 80 percent of the sales revenue it produces. Furthermore, the firm has determined that the length of the firm's cash conversion cycle is 16.79 days.
What is the Parlow Packing's annual sales?
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