Suppose that James Industries has annual sales of $7.47 million, cost of goods sold. of $3.95 million, average inventories of $1,300,000, and average accounts receivable of $690,000. Assuming that all of James's sales are on credit, what will be the firm's operating cycle?
Suppose that James Industries has annual sales of $7.47 million, cost of goods sold. of $3.95 million, average inventories of $1,300,000, and average accounts receivable of $690,000. Assuming that all of James's sales are on credit, what will be the firm's operating cycle?
Chapter16: Supply Chains And Working Capital Management
Section: Chapter Questions
Problem 11P
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Transcribed Image Text:Suppose that James Industries has annual
sales of $7.47 million, cost of goods sold.
of $3.95 million, average inventories
of $1,300,000, and average accounts
receivable of $690,000. Assuming that all
of James's sales are on credit, what will be
the firm's operating cycle?
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