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The following information is available for Blankenship Company for the most recent year. Sales $1,100,000 Cost of goods sold 760,000 Gross profit 340,000 Net
The following information is available for Blankenship Company for the most recent year. Sales $1,100,000 Cost of goods sold 760,000 Gross profit 340,000 Net income 85,000 Accounts receivable 90,000 Inventory 105,000 What was Blankenship's operating cycle for the most recent year? Note: Round to the nearest whole day.
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
978-0-538-4527, 0-538-45274-9, 978-1133161646
