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The following information relates to five questions so keep your calculations. Consider the following financial statement information for a firm. Item Beginning Ending Inventory $8,732
The following information relates to five questions so keep your calculations. Consider the following financial statement information for a firm.
Item | Beginning |
| Ending |
Inventory | $8,732 |
| $9,418 |
Accounts Receivable | $3,721 |
| $4,162 |
Accounts Payable | $4,384 |
| $4,791 |
Net Sales (all on credit) |
| $138,503 |
|
Cost of Goods Sold |
| $86,313 |
|
What is the firms cash cycle in days?
Group of answer choices
48.8
19.4
10.4
29.4
38.4
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