Suppose that laurarsquos photography has annual sales of, Ask an Expert

Finance

Suppose that Laura’s Photography has annual sales of $230,000, cost of goods sold of $165,000, average inventories of $4,500, average accounts receivable of $25,000 and an average accounts payable balance of $7,000. Assuming that all of Laura’s sales are on credit, compute the following.

a. The firm’s operating cycle.

b. The firm’s cash cycle.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92767754

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