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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 $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.)

Intermediate Financial Management (MindTap Course List)
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
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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.)
Transcribed Image Text: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.)
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