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Suppose that Tucker Industries has annual sales of $6.80 million, cost of goods sold of $2.96 million, average inventories of $1,215,000, and average accounts receivable
Suppose that Tucker Industries has annual sales of $6.80 million, cost of goods sold of $2.96 million, average inventories of $1,215,000, and average accounts receivable of $680,000. Assuming that all of Tucker's sales are on credit, what will be the firm's operating cycle? (Round your answer to 2 decimal places.) 113.32 36.50 186.32 149.82
My answer is 186.32 is that correct?
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