Question
Suppose that Dunn Industries has annual sales of $4.05 million, cost of goods sold of $1,590,000, average inventories of $1,056,000, and average accounts receivable of
| Suppose that Dunn Industries has annual sales of $4.05 million, cost of goods sold of $1,590,000, average inventories of $1,056,000, and average accounts receivable of $690,000. 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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Analysis For Financial Management
Authors: Robert C. Higgins
10th International Edition
007108648X, 9780071086486
