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Suppose that Dunn Industries has annual sales of $4.05 million, cost of goods sold of $1,630,000, average inventories of $1,096,000, and average accounts receivable of $730,000. Assume that all of Dunn'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 Dunn Industries has annual sales of $4.05 million, cost of goods sold of $1,630,000, average inventories of $1,096,000, and average accounts receivable of $730,000. Assume that all of Dunn'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.)

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Suppose that Dunn Industries has annual sales of $4.05 million, cost of goods sold of $1,630,000, average inventories of $1,096,000, and average accounts receivable of $730,000. Assume that all of Dunn'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.)
Transcribed Image Text:Suppose that Dunn Industries has annual sales of $4.05 million, cost of goods sold of $1,630,000, average inventories of $1,096,000, and average accounts receivable of $730,000. Assume that all of Dunn'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.)
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