Rikan incs credit sales for the year 2016 are 5000000, Financial Management

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Rikan incs credit sales for the year 2016 are 5000000

Rikan Inc.'s credit sales for the year 2016 are $5,000,000, and its gross profit is $1,500,000. The company’s average inventories are $595,000. Its average accounts receivable is $750,000 and average accounts payable is $640,000. From this information, calculate the company’s cash cycle. (Round the answer to one decimal.)?

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Financial Management: Rikan incs credit sales for the year 2016 are 5000000

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Financial Management: Rikan incs credit sales for the year 2016 are 5000000

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