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Suppose that Ken-Z Art Gallery has annual sales of $910,000, cost of goods sold of $600,000, average inventories of $186,000, average accounts receivable of $119,000, and an average accounts payable balance of $59,000. • Assuming that all of Ken-Z's sales are on credit, what will be the firm's cash cycle?

Suppose that Ken-Z Art Gallery has annual sales of $910,000, cost of goods sold of $600,000, average inventories of $186,000, average accounts receivable of $119,000, and an average accounts payable balance of $59,000. • Assuming that all of Ken-Z's sales are on credit, what will be the firm's cash cycle?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter17: The Management Of Cash And Marketable Securities
Section: Chapter Questions
Problem 2P
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Suppose that Ken-Z Art Gallery has annual sales of $910,000, cost of goods sold of $600,000, average inventories of $186,000, average accounts receivable of $119,000, and an average accounts payable balance of $59,000. • Assuming that all of Ken-Z's sales are on credit, what will be the firm's cash cycle?
Transcribed Image Text:Suppose that Ken-Z Art Gallery has annual sales of $910,000, cost of goods sold of $600,000, average inventories of $186,000, average accounts receivable of $119,000, and an average accounts payable balance of $59,000. • Assuming that all of Ken-Z's sales are on credit, what will be the firm's cash cycle?
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