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 Balance is $2,000, and the Operating Cycle is 60 days. 6. What is the Accounts Receivable balance?

a) 4780 b) 5479 c) 6238 d) 7979

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