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Cash conversion cycle- need answer Suppose that Dunn Industries has annual sales of $4.05 million, cost of goods sold of $1,610,000, average inventory of $1,076,000, and average accounts receivable of $710,000. Assume that all of Dunn's sales are on credit. What will be the firm's operating cycle? Round your Answer.

Cash conversion cycle- need answer Suppose that Dunn Industries has annual sales of $4.05 million, cost of goods sold of $1,610,000, average inventory of $1,076,000, and average accounts receivable of $710,000. Assume that all of Dunn's sales are on credit. What will be the firm's operating cycle? Round your Answer.

Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter21: Cash Budgeting (cashbud)
Section: Chapter Questions
Problem 5R: The following four suggestions have been made to improve the company’s cash position. Evaluate the...
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Cash conversion cycle- need answer Suppose that Dunn Industries has annual sales of $4.05 million, cost of goods sold of $1,610,000, average inventory of $1,076,000, and average accounts receivable of $710,000. Assume that all of Dunn's sales are on credit. What will be the firm's operating cycle? Round your Answer.
Transcribed Image Text:Cash conversion cycle- need answer Suppose that Dunn Industries has annual sales of $4.05 million, cost of goods sold of $1,610,000, average inventory of $1,076,000, and average accounts receivable of $710,000. Assume that all of Dunn's sales are on credit. What will be the firm's operating cycle? Round your Answer.
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