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Given the following ?nancial statement data, calculate the net operating cycle for this company. In millions Credit sales $40,000 Cost of goods sold $30,000 Accounts receivable $3,000 Inventory – Beginning balance $1,500 Inventory – Ending balance $2,000 Accounts payable $4,000 The net operating cycle of this company is closest to: 3.8 days. 24.3 days. 51.7 days.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92747498

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