Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. inventory period in days (round to 2 decimals) rec

Inventory period in days (round to 2 decimals) Receivable period in days (round to 2...

90.2K

Verified Solution

Question

Finance

image
image
Inventory period in days (round to 2 decimals) Receivable period in days (round to 2 decimals) Operating cycle in days (round to 2 decimals) Payables period in days (round to 2 decimals) The firm is financing its inventory for approximately days. (round to 2 decimals) A Company shows the following balances on its comparative financial statements: 2021 2020 Inventory $13,000 $12,000 Accounts Receivable $7,300 $7,000 Accounts Payable $9,600 $9,200 The Company generates Net Sales of $100,000 of which 90% are on credit. Cost of goods sold is $60,000. Calculate the operating and cash cycles. (Use 365 days a year. Do not round intermediate calculations. Round the final answers to 2 decimal places. Do not enter the word "days" but provide just the numerical answer.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

You have 2 diffraction gratings, one with 2000 lines/cm, the other with 5000 lines/cm. You are...

Biology
1.2K views

How many unique 3 nucleotide codons can we make with 4 different nucleotides 20 61...

Biology
1.2K views

Choose the correct answer After ratification of the November elections O21st Amendment O 18th Amendment...

Physics
1.2K views

An equi convex thin lens of glass u has focal length in air as 20...

Physics
1.2K views

Two co axial glass tubes forming an annulus with small gap are immersed in clean...

Physics
1.2K views

In the figure two cells have equal emf E but internal resistance are r and...

Geometry
1.2K views

Solve each of the following problems In each case be sure to make a diagram...

Basic Math
1.2K views

For each of the statements below state True T or False F or pick the...

Accounting
1.2K views

The following information was available for the year ended December 31,2022 : ROI for the...

Accounting
1.2K views

The most accurate method for allocating service department costs is the a. direct method. ...

Accounting
1.2K views

19.9 Job Order Cost Accounting for a Service Company...

Accounting
1.2K views

Required information Skip to question [The following information applies to the questions displayed below.]...