A company has the information about the following accounting numbers: Cost of Goods Sold = $8,200, Accounts Receivable = $4,185, Inventory = $1,606, Credit Sales = $11,500, and Accounts Payable = $2,612. What is the operating cycle? a. 188 days b. 204 days c. 249 days d. 321 days

A company has the information about the following accounting numbers: Cost of Goods Sold = $8,200, Accounts Receivable = $4,185, Inventory = $1,606, Credit Sales = $11,500, and Accounts Payable = $2,612. What is the operating cycle? a. 188 days b. 204 days c. 249 days d. 321 days

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 56P: The following selected information is taken from the financial statements of Arnn Company for its...

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Please solve and correct answer the general accounting question not use chatgpt

A company has the information about the following accounting numbers: Cost of
Goods Sold = $8,200, Accounts Receivable = $4,185, Inventory = $1,606, Credit
Sales = $11,500, and Accounts Payable = $2,612.
What is the operating cycle?
a. 188 days
b. 204 days
c. 249 days
d. 321 days

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