Problemsuppose that dunn industries has annual sales of 405, Ask an Expert

Accounting

Problem:

Suppose that Dunn Industries has annual sales of $4.05 million, cost of goods sold of $1,570,000, average inventories of $1,036,000, and average accounts receivable of $670,000. Assume that all of Dunn's sales are on credit.

Required:

Question: What will be the firm's operating cycle?

Note: Provide support for rationale.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91167618

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