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Home Q & A Board Other Fields Homework Help Business Accounting
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teyodani teyodani
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10 months ago

Burdick Corporation has provided the following financial data from its balance sheet:

Year 2Year 1
Accounts receivable, net$ 266,000$ 250,000
Inventory$ 162,000$ 190,000
Total assets$ 1,415,000$ 1,390,000
Total stockholders' equity$ 991,000$ 970,000

Sales (all on account) in Year 2 amounted to $1,410,000 and the cost of goods sold was $860,000.

The company’s operating cycle for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)



▸ 10.4 days

▸ 79.5 days

▸ 141.3 days

▸ 72.2 days
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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nursethomasnursethomas
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10 months ago
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