Problemsyeds industries has accounts receivable of 700, Ask an Expert

Finance

Problem:

Syed's Industries has accounts receivable of $700, inventory of $1,200, sales of $4,200 and cost of goods sold of $3,400.

Required:

Question: How long does it take Syed's to both sell its inventory and then collect the payment on the sale?

Note: Please provide equation and explain comprehensively and give step by step solution.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91175074

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