Sunnybrook Electronics has the following information for its operations: • Average Age of Inventory 120 days = • Average Age of Accounts Payable = 80 days • Average Age of Accounts Receivable = 70 days What is Sunnybrook Electronics' cash flow cycle?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter16: Working Capital Policy And Short-term Financing
Section: Chapter Questions
Problem 10P
icon
Related questions
Question

Financial Accounting Question

Sunnybrook Electronics has the following information for its
operations:
•
Average Age of Inventory 120 days
=
•
Average Age of Accounts Payable = 80 days
•
Average Age of Accounts Receivable = 70 days
What is Sunnybrook Electronics' cash flow cycle?
Transcribed Image Text:Sunnybrook Electronics has the following information for its operations: • Average Age of Inventory 120 days = • Average Age of Accounts Payable = 80 days • Average Age of Accounts Receivable = 70 days What is Sunnybrook Electronics' cash flow cycle?
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer