Question
The following information is provided by T Works Ltd. Net credit sales $120 000 Receivables (days) 48.2 Cash $40 000 Inventory (days) 76.4 Payables (days)
The following information is provided by T Works Ltd.
Net credit sales | $120 000 |
Receivables (days) | 48.2 |
Cash | $40 000 |
Inventory (days) | 76.4 |
Payables (days) | 33.8 |
Cost of Sales | $80 000 |
To the nearest one decimal place (e.g. 35.6) the operating cash cycle is ________ days
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Accounting Principles
Authors: Jerry J Weygandt, Donald E Kieso, Paul D Kimmel
8th Edition
0471980196, 9780471980193
