(Answered) In the month of january reliancereg auto sold 60 vehicles

Management Studies

In the month of January, Reliance® Auto sold 60 vehicles and had account receivable of $160,000.00. If a vehicle costs $40,000, account payable is $240,000 and the cost of sales is 72%, and the current value of total inventory is $500,000.00, Calculate;

The average daily sales

The average days of accounts receivable

The average daily cost of sales

The average days of inventory

Cash to cash cycle time

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