Suppose that Dunn Industries has annual sales of $4.05 million, cost of goods sold of $1,560,000, average inventories of $1,026,000, and average accounts receivable of $660,000. Assume that all of Dunn’s sales are on credit.
What will be the firm’s operating cycle? (Use 365 days a year. Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Operating cycle days
Suppose that LilyMac Photography has annual sales of $319,000, cost of goods sold of $159,000, average inventories of $3,900, and average accounts receivable of $24,400. Assume that all of LilyMac’s sales are on credit.
What will be the firm’s operating cycle? (Use 365 days a year. Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Operating cycle days
Suppose that LilyMac Photography has annual sales of $223,000, cost of goods sold of $158,000, average inventories of $6,200, average accounts receivable of $28,400, and an average accounts payable balance of $18,900.
Assuming that all of LilyMac’s sales are on credit, what will be the firm’s cash cycle? (Use 365 days a year. Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Cash cycle days
Suppose that Ken-Z Art Gallery has annual sales of $874,000, cost of goods sold of $564,000, average inventories of $150,000, average accounts receivable of $119,000, and an average accounts payable balance of $81,000.
Assuming that all of Ken-Z’s sales are on credit, what will be the firm’s cash cycle? (Use 365 days a year. Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Cash cycle days