Eastern Electronics has the following financial data: • Inventory turnover ratio: 14.2 Accounts payable turnover: 8.5 Accounts receivable period: 42 days Calculate the length of Eastern Electronics' cash cycle.

Eastern Electronics has the following financial data: • Inventory turnover ratio: 14.2 Accounts payable turnover: 8.5 Accounts receivable period: 42 days Calculate the length of Eastern Electronics' cash cycle.

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 14BEA: Last year, Nikkola Company had net sales of 2.299.500,000 and cost of goods sold of 1,755,000,000....

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Hii ticher please correct answer general accounting

Eastern Electronics has the following financial data:
•
Inventory turnover ratio: 14.2
Accounts payable turnover: 8.5
Accounts receivable period: 42 days
Calculate the length of Eastern Electronics' cash cycle.

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