Suppose that Ken-Z Art Gallery has annual sales of $892,000, cost of goods sold of $582,000, average inventories of $168,000, average accounts receivable of $137,000, and an average accounts payable balance of $65,000. Assuming that all of the Ken-Z sales are on credit, what will be the firm's cash cycle?
Suppose that Ken-Z Art Gallery has annual sales of $892,000, cost of goods sold of $582,000, average inventories of $168,000, average accounts receivable of $137,000, and an average accounts payable balance of $65,000. Assuming that all of the Ken-Z sales are on credit, what will be the firm's cash cycle?
Chapter17: The Management Of Cash And Marketable Securities
Section: Chapter Questions
Problem 2P
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What will be the firm's cash cycle??
Transcribed Image Text:Suppose that Ken-Z Art Gallery has annual sales of $892,000,
cost of goods sold of $582,000, average inventories of
$168,000, average accounts receivable of $137,000, and an
average accounts payable balance of $65,000.
Assuming that all of the Ken-Z sales are on credit, what will
be the firm's cash cycle?
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