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Bulalugaw's net sales for 2020 is 240,000. 30% of it was on credit. In 2019 their accounts receivable is 32,000 and 58,000 on 2020.  and Bulalugaw's cost of sales in 2020 is 95,000. Their inventory in 2019 and 2020 are 50,000 and 40,000 respectively.  How many days does it take for Bulalugaw to convert their inventory in cash?

Bulalugaw's net sales for 2020 is 240,000. 30% of it was on credit. In 2019 their accounts receivable is 32,000 and 58,000 on 2020.  and Bulalugaw's cost of sales in 2020 is 95,000. Their inventory in 2019 and 2020 are 50,000 and 40,000 respectively.  How many days does it take for Bulalugaw to convert their inventory in cash?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Bulalugaw's net sales for 2020 is 240,000. 30% of it was on credit. In 2019 their accounts receivable is 32,000 and 58,000 on 2020.  and Bulalugaw's cost of sales in 2020 is 95,000. Their inventory in 2019 and 2020 are 50,000 and 40,000 respectively.  How many days does it take for Bulalugaw to convert their inventory in cash?

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