Tucker Industries average inventories and average accounts receivable

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Suppose that Tucker Industries has annual sales of $5.90 million, cost of goods sold of $2.87 million, average inventories of $1,170,000, and average accounts receivable of $590,000. Assuming that all of Tucker's sales are on credit, what will be the firm's operating cycle? (Round your answer to 2 decimal places) a) 148.80 b) 185.30 c) 36.50 d) 112.30

    • 10 years ago
    Tucker Industries average inventories and average accounts receivable
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