If the average inventories is 2 mil the average payables is


1. If the average inventories is $2 mil, the average payables is $.7mil, the receivable Period is 30 days and the cash conversion cycle is 50 days. What is the annual cost of goods sold?

2. With 3/10 net 70 terms = what is EAR?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: If the average inventories is 2 mil the average payables is
Reference No:- TGS01271411

Expected delivery within 24 Hours