Metro Supply has the following annual figures: ⚫ Sales: $720,000 (all on credit) . • • Cost of Goods Sold: $450,000 Average Inventory: $125,000 Average Accounts Receivable: $90,000 Average Accounts Payable: $65,000 Calculate the company's cash cycle in days. (Use 365 days per year)

Metro Supply has the following annual figures: ⚫ Sales: $720,000 (all on credit) . • • Cost of Goods Sold: $450,000 Average Inventory: $125,000 Average Accounts Receivable: $90,000 Average Accounts Payable: $65,000 Calculate the company's cash cycle in days. (Use 365 days per year)

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 1P: Greene Sisters has a DSO of 20 days. The companys average daily sales are 20,000. What is the level...

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Metro Supply has the following annual figures:
⚫ Sales: $720,000 (all on credit)
.
•
•
Cost of Goods Sold: $450,000
Average Inventory: $125,000
Average Accounts Receivable: $90,000
Average Accounts Payable: $65,000
Calculate the company's cash cycle in days. (Use 365 days per year)

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