Suppose that Tucker Industries has annual sales of $6.70 million, cost of goods sold of $2.95 million, average inventories of $1,210,000, and average accounts receivable of $670,000. Assuming that all of Tucker's sales are on credit, what will be the firm's operating cycle?

Suppose that Tucker Industries has annual sales of $6.70 million, cost of goods sold of $2.95 million, average inventories of $1,210,000, and average accounts receivable of $670,000. 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

Chapter21: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 15P: Suppose a firm makes purchases of $3.65 million per year under terms of 2/10, net 30, and takes...

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Suppose that Tucker Industries has annual sales of
$6.70 million, cost of goods sold of $2.95 million,
average inventories of $1,210,000, and average
accounts receivable of $670,000. Assuming that all of
Tucker's sales are on credit, what will be the firm's
operating cycle?

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