ABC Electronics has sales of $3,600, costs of goods sold (COGS) of $2,800, inventory of $700, and accounts receivable of $520. How many days, on average, does it take the firm to sell its inventory, assuming all sales are on credit?

ABC Electronics has sales of $3,600, costs of goods sold (COGS) of $2,800, inventory of $700, and accounts receivable of $520. How many days, on average, does it take the firm to sell its inventory, assuming all sales are on credit?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter21: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 11P: Negus Enterprises has an inventory conversion period of 50 days, an average collection period of 35...

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General accounting

ABC Electronics has sales of $3,600, costs of goods sold
(COGS) of $2,800, inventory of $700, and accounts
receivable of $520. How many days, on average, does it
take the firm to sell its inventory, assuming all sales are
on credit?

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