Question
The following inventory and sales data are available for the current year for C Company. C Company uses a 360-day year when computing ratios. Net
The following inventory and sales data are available for the current year for C Company. C Company uses a 360-day year when computing ratios.
Net CreditSales Cost of Goods Sold Gross Receivable Inventory
July 1 320,000 780,000
June 30 P6,205,000 P4,380,000 P350,000 P960,000
C Company's operating cycle is
a. 90.95
b. 92.21
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Financial Accounting
Authors: Libby, Short
6th Edition
978-0071284714, 9780077300333, 71284710, 77300335, 978-0073526881
