Suppose that sales for the entire year were 100000 and cost, Ask an Expert

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Suppose that Sales for the entire year were $100,000 and Cost of Goods Sold was 80% of Sales.

The Inventory Conversion period is 40 days, the Accounts Payable Deferral Period is 20 days, and the Cash Conversion Cycle is 30 days.

What is the Accounts Receivable balance?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92710122

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