Suppose that Tucker Industries has annual sales of $5.00 million, cost of goods sold of $2.78 million, average inventories of $1,125,000, and average accounts receivable
Suppose that Tucker Industries has annual sales of $5.00 million, cost of goods sold of $2.78 million, average inventories of $1,125,000, and average accounts receivable of $500,000. Assuming that all of Tucker's sales are on credit, what will be the firm's operating cycle?
Note: Round your answer to 2 decimal places.
Multiple Choice
A. 111.21
B. 36.50
C. 147.71
D. 184.21
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Authors: Judith J. Baker, R.W. Baker, Neil R. Dworkin
5th Edition
1284118215, 978-1284118216
