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Suppose that Horizon Manufacturing has annual sales of $9.25 million, cost of goods sold of $4.85 million, average inventories of $1,750,000, and average accounts receivable of $925,000. Assuming that all of Horizon's sales are on credit, what will be the firm's operating cycle?

Suppose that Horizon Manufacturing has annual sales of $9.25 million, cost of goods sold of $4.85 million, average inventories of $1,750,000, and average accounts receivable of $925,000. Assuming that all of Horizon's sales are on credit, what will be the firm's operating cycle?

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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Financial Accounting Question need help

Suppose that Horizon Manufacturing has annual sales of $9.25 million, cost of goods sold of $4.85 million, average inventories of $1,750,000, and average accounts receivable of $925,000. Assuming that all of Horizon's sales are on credit, what will be the firm's operating cycle?
Transcribed Image Text:Suppose that Horizon Manufacturing has annual sales of $9.25 million, cost of goods sold of $4.85 million, average inventories of $1,750,000, and average accounts receivable of $925,000. Assuming that all of Horizon's sales are on credit, what will be the firm's operating cycle?
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