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Suppose that Dunn Industries has annual sales of $2.32 million, cost of goods sold of $1,670,000, average inventories of $1,136,000, and average accounts receivable of
Suppose that Dunn Industries has annual sales of $2.32 million, cost of goods sold of $1,670,000, average inventories of $1,136,000, and average accounts receivable of $770,000. Assume that all of Dunns sales are on credit. What will be the firms operating cycle? (Use 365 days a year. Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Operating cycle | days |
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