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Pinnacle West Capital (AZ) has an operating cycle of 155 days. The firm's days' sales in inventory is 64 days. How much does the firm
Pinnacle West Capital (AZ) has an operating cycle of 155 days. The firm's days' sales in inventory is 64 days. How much does the firm have in receivables if it has credit sales of $650,000? Round your final answer to the nearest dollar.
a. $143,631
b. $162,055
c. none of the answers is correct.
d. $163,793
e. $109,201
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