Question
QUESTION 5 OPQ Company has a cost of goods sold P 5,400,000, average inventory of 1,800,000, net sales of 7,200,000, average receivables of 960,000 and
QUESTION 5 OPQ Company has a cost of goods sold P 5,400,000, average inventory of 1,800,000, net sales of 7,200,000, average receivables of 960,000 and net income 720,000. Assume that there is 360 days in a year. REQUIRED: a. Operating Cycle
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Managerial Accounting An Integrative Approach
Authors: C J Mcnair Connoly, Kenneth Merchant
2nd Edition
099950049X, 978-0999500491
