A company calculates that its operating cycle last year was 72 days. The company had $420,000 in accounts receivable and sales of $3.8 million. How many days does it take from the time raw materials are received until the finished products are sold?

A company calculates that its operating cycle last year was 72 days. The company had $420,000 in accounts receivable and sales of $3.8 million. How many days does it take from the time raw materials are received until the finished products are sold?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 1P: Greene Sisters has a DSO of 20 days. The companys average daily sales are 20,000. What is the level...

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Accounting answer please

A company calculates that its operating cycle last year was 72 days. The
company had $420,000 in accounts receivable and sales of $3.8 million.
How many days does it take from the time raw materials are received until
the finished products are sold?

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