Suppose that Dawson Manufacturing has annual sales of $5.83 million, cost of goods sold of $2,450,000, average inventories of $1,225,000, and average accounts receivable of $890,000. Assume that all of Dawson's sales are on credit. What will be the firm's operating cycle? (Use 365 days a year. Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Suppose that Dawson Manufacturing has annual sales of $5.83 million, cost of goods sold of $2,450,000, average inventories of $1,225,000, and average accounts receivable of $890,000. Assume that all of Dawson's sales are on credit. What will be the firm's operating cycle? (Use 365 days a year. Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter22: Providing And Obtaining Credit

Section: Chapter Questions

Problem 2MC

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What will be the firm's operating cycle?
What will be the firm's operating cycle?
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