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The following data pertain to Marseilles Labs: Sales Sales $1,120,000 Cost of Sales $784,000 Inventory $110,000...

The following data pertain to Marseilles Labs:

Sales

Sales

$1,120,000

Cost of Sales

$784,000

Inventory

$110,000

Accounts receivable

$73,000

Accounts payable

$41,000

Compute the additional working capital period. Assume a 365 day year for calculations.

  1. 55.9
  2. 51.2
  3. 23.8
  4. 19.1

Solutions

Expert Solution

jeff jeffy answered 1 year ago
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