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AC Corporation has beginning accounts receivable of $7.600 and ending accounts receivable of $8,250. The inventory period is 72.80 days and the accounts payable turnover
AC Corporation has beginning accounts receivable of $7.600 and ending accounts receivable of $8,250. The inventory period is 72.80 days and the accounts payable turnover is 707. Net sales are $109,100 and costs of goods sold are $56,220. a. What is the accounts recievable period? (Use 365 days a year. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. How many days are in the operating cycle? (Use 365 days a year. Do not round intermediate calculations and round your answers to 2 decimal places, e.g. 32.16.) c. How many days are in the cash cycle? (Use 365 days a year. Do not round intermediate calculations and round your answers to 2 decimal places, e.g.. 32.16.) a. b. Accounts Recievable period Operating cycle Cash cycle days days days c.
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