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ABC Corporation currently has an inventory turnover of 15.7,

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ABC Corporation currently has an inventory turnover of 15.7, a payables turnover of 9.6, and a;receivables turnover of 8.4.;a.;How many days are in the cash cycle?;b.;How many days are in the operating cycle?;2.;Compute the Accounts Payable Period based on the;following information;ABC Products provides the following information.;Average Accounts Payable Balance is as follows;$800,000;Annual Cost of Goods sold is as follows;$9,000,000;Assume 365 days.;Compute the Accounts Payable period.;3.;Compute the Operating Cycle based on the following information;ABC Products provides the following information.;Average Collection Period;45;days;Accounts Payable Period;45;days;Average age of inventory;60;days;Compute operating cycle

 

Paper#27157 | Written in 18-Jul-2015

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