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Year 2 Year 1 Acc Rec $112,000 $110,000 Inventory $174,000 $150,000 Total Assets $1,236,000 $1,250,000 Sales on account rec. in year 2 totaled $1,450,000 and
| Year 2 | Year 1 | |
| Acc Rec | $112,000 | $110,000 |
| Inventory | $174,000 | $150,000 |
| Total Assets | $1,236,000 | $1,250,000 |
Sales on account rec. in year 2 totaled $1,450,000 and COGS totaled $900,000. The company's operating cycle for year 2 is closests to A.18.6 B.71.2 C.93.5 D.41.0
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Auditing Warehouse Performance
Authors: Kenneth B. Ackerman
1st Edition
0963177680, 978-0963177681
