Baghiben You have the following balance sheet information:2022InventoryAccounts ReceivableAccounts PayableBeginning Ending Average$3,750 $3,325$1,500$1,400$1,100$1,038$2,900$1,300$975Suppose further that sales during the year are $13.400 (of which 70% is sold on credit) and the cost of goods sold is $8,000 (of which 85% is purchased via an accounts payable).Calculate the accounts receivable cycle (in days)

The accounts receivable cycle (in days) is the formula which indicates the number of days it takes…

You have the following balance sheet information: 2022 Inventory Accounts Receivable Accounts Payable Beginning Ending Average $2,900 $3,750 $3,325 $1,300 $1,500 $1,400 $975 $1,100 $1,036 Suppose further that sales during the year are $13.400 (of which 79% is sold on credit) and the cost of goods sold is $8.900 (of which 85% is purchased via an accounts payable) Calculate the accounts receivable cycle (in days)