Waiting for your solution general Accounting Johnson Manufacturing has the following operatingmetrics:••.Holds inventory for 35 days before saleTakes 30 days to collect payment from customersPays suppliers after 28 days Calculate how manydays Johnson must provide financing in its operatingcycle.

Step 1: Define Operating Cycle and Cash CycleOperating Cycle is the total time taken by a company to…

Answered: Johnson Manufacturing has the following…

Accounting Information Systems

10th Edition

ISBN:9781337619202

Author:Hall, James A.

Publisher:Hall, James A.

Chapter9: Database Management Systems

Section: Chapter Questions

Problem 18P

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Johnson Manufacturing has the following operating metrics: • • . Holds inventory for 35 days before sale Takes 30 days to collect payment from customers Pays suppliers after 28 days Calculate how many days Johnson must provide financing in its operating cycle.