Problemszabo company computed the following data for 2003, Ask an Expert

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Szabo Company computed the following data for 2003: Days' sales in receivables: 38.7 days Accounts receivable turnover: 9.6 times Accounts receivable turnover in days: 33.1 days Days' sales in inventory: 68.5 days Merchandise inventory turnover: 5.9 times Inventory turnover in days: 58.7 days.

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Question: What is the estimated operating cycle for 2003?

Note: Please answer in proper manner and show all computations

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91169024

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