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stranahan stranahan
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7 years ago
Perfect Purchase Electronics
   Selected Income Statement Items, 2009
Cash Sales   $1,500,000
Credit Sales   $7,500,000
Total Sales   $9,000,000
COGS   $6,000,000

   Perfect Purchase Electronics
   Selected Balance Sheet Accounts
   12/31/2009   12/31/2008   Change
Accounts Receivable   $270,000   $240,000   $30,000
Inventory   $125,000   $100,000   $25,000
Accounts Payable   $110,000   $90,000   $20,000

Using the information provided, what is the length of the production cycle for the firm?
A) 6.08 days
B) 7.60 days
C) 6.84 days
D) 53.33 days
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
Author:
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eggslilyeggslily
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stranahan Author
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7 years ago
Thanks Smiling Face with Open Mouth and Tightly-closed Eyes
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