TICA Corporation had sales of $72 million this year. Its accounts receivable balance averaged $2.4 million. How long, on average, does it take the firm to collect on its sales? help me with this
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TICA Corporation had sales of $72 million this year. Its
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- Templar Inc. had sales of $95 million this year. Its accounts receivable balance averaged $3.8 million. How long, on average, does it take the firm to collect on its sales? provide answerHow long on average does it take the firm to collect on its sales?How long on average does it take the firm to collect on sales?
- ?!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? Help me with thisSolve this question and general accounting
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- Need answer the questionSuppose 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?Can you explain the process for solving this financial accounting problem using valid standards?