ABC Manufacturing, Inc. provided the following financial data: Cost of Goods Sold (COGS) = $9,750 Accounts Receivable (AR) = $4,500 Inventory (INV) = $1,950 Credit Sales $13,200 Accounts Payable (AP) = $3,100 Calculate the Operating Cycle.

ABC Manufacturing, Inc. provided the following financial data: Cost of Goods Sold (COGS) = $9,750 Accounts Receivable (AR) = $4,500 Inventory (INV) = $1,950 Credit Sales $13,200 Accounts Payable (AP) = $3,100 Calculate the Operating Cycle.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...

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Question

Calculate the operating cycle of this financial accounting question

ABC Manufacturing, Inc. provided the following financial data:
Cost of Goods Sold (COGS) = $9,750
Accounts Receivable (AR) = $4,500
Inventory (INV) = $1,950
Credit Sales $13,200
Accounts Payable (AP) = $3,100
Calculate the Operating Cycle.

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