Suppose that Tucker Industries has annual sales of $6.50 million, cost of goods sold of $2.93 million, average inventories of $1,200,000, and average accounts receivable of $650,000. Assuming that all of Tucker's sales are on credit, what will be the firm's operating cycle?

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
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Suppose that Tucker Industries has annual sales of $6.50
million, cost of goods sold of $2.93 million, average
inventories of $1,200,000, and average accounts receivable
of $650,000. Assuming that all of Tucker's sales are on
credit, what will be the firm's operating cycle?
Transcribed Image Text:Suppose that Tucker Industries has annual sales of $6.50 million, cost of goods sold of $2.93 million, average inventories of $1,200,000, and average accounts receivable of $650,000. Assuming that all of Tucker's sales are on credit, what will be the firm's operating cycle?
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