1 abc company has a cash cycle of 1326 days an operating, Ask an Expert

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1. ABC Company has a cash cycle of 13.26 days, an operating cycle of 19.11 days, and an average collection period of 5 days. The company reported cost of goods sold of $271,940. What is the company's average balance in Accounts Payable?

2. Compute the cash cycle based on the following information: Average Collection Period = 55 Accounts Payable Period = 44 Average Age of Inventory = 49.

3. On July 15th, you purchased $10,000 worth of goods. The terms of the sale were 2/7, net 46. What is the effective annual rate of interest for the credit period for this sale?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92873448

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