Cost of goods sold of $1,72,000, Suppose that Dunn Industries has annual sales of$4.07 million, cost of goods sold of $1,720,000,average inventories of $1,075,000, and averageaccounts receivable of $744,000. Assume that allof Dunn's sales are on credit.What will be the firm's operating cycle? (Use 365days a year. Do not round intermediatecalculations. Round your final answer to 2 decimalplaces.)

Step 1: Analysis of information givenAnnual Sales (all credit) = $4.07 million or $4,070,000Cost of…

Answered: Suppose that Dunn Industries has annual…

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?
Suppose that Dunn Industries has annual sales of $4.07 million, cost of goods sold of $1,720,000, average inventories of $1,075,000, and average accounts receivable of $744,000. 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 $2.3 million, cost of goods sold of $1,650,000, average inventories of $1,116,000, and average accounts receivable of $750,000. 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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Suppose that LilyMac Photography has annual sales of $230,000, cost of goods sold of $165,000, average inventories of $4,500, and average accounts receivable of $25,000. Assume that all of LilyMac'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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