Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
florida1014 florida1014
wrote...
Go to Answer
Posts: 141
Rep: 0 0
9 months ago
Natcher Corporation’s accounts receivable at the end of Year 2 was $126,000 and its accounts receivable at the end of Year 1 was $130,000. The company’s inventory at the end of Year 2 was $127,000 and its inventory at the end of Year 1 was $120,000. Sales, all on account, amounted to $1,380,000 in Year 2. Cost of goods sold amounted to $800,000 in Year 2. The company’s operating cycle for Year 2 is closest to:(Round your intermediate calculations to 2 decimal places.)

▸ 44.7 days

▸ 17.3 days

▸ 62.8 days

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

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
Read 52 times
1 Reply
Replies
Answer verified by a subject expert
nalsaidynalsaidy
wrote...
#1
Posts: 146
Rep: 0 0
9 months ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

florida1014 Author
wrote...

9 months ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
Holly72492
wrote...

Yesterday
Smart ... Thanks!
oscar520000
wrote...

2 hours ago
Brilliant ツ
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1302 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 607
  
 403
  
 380