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Maple Electronics has the following annual financial data: • Annual sales: $4.8 million (all credit sales) • Cost of goods sold: $3.2 million • . Average inventory: $1.8 million Average accounts receivable: $960,000 Calculate Maple Electronics' operating cycle

Maple Electronics has the following annual financial data: • Annual sales: $4.8 million (all credit sales) • Cost of goods sold: $3.2 million • . Average inventory: $1.8 million Average accounts receivable: $960,000 Calculate Maple Electronics' operating cycle

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter18: The Management Of Accounts Receivable And Inventories
Section: Chapter Questions
Problem 1P
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Maple Electronics has the following annual financial data: • Annual sales: $4.8 million (all credit sales) • Cost of goods sold: $3.2 million • . Average inventory: $1.8 million Average accounts receivable: $960,000 Calculate Maple Electronics' operating cycle
Transcribed Image Text:Maple Electronics has the following annual financial data: • Annual sales: $4.8 million (all credit sales) • Cost of goods sold: $3.2 million • . Average inventory: $1.8 million Average accounts receivable: $960,000 Calculate Maple Electronics' operating cycle
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