The material cost represent 50 of the cost of sales credit


Question - A company has the following debts

Sales = $3,000,000

Costing sales=@1,500,000

Average receivables = $500,000

Average inventory = $300,000

Average payable = $200,000

The material cost represent 50% of the cost of sales. Credit sales account for 80% of the total sales.

Calculate the cash operating cycle.

Solution Preview :

Prepared by a verified Expert
Accounting Basics: The material cost represent 50 of the cost of sales credit
Reference No:- TGS02893176

Now Priced at $25 (50% Discount)

Recommended (94%)

Rated (4.6/5)