Given the following information, calculate the cash cycle. Use average inventory, receivables, and payables in your...

Given the following information, calculate the cash cycle. Use average inventory, receivables, and payables in your calculations.
Credit sales = $1,000,000
Cost of goods sold = $750,000
Beginning balances:
Inventory = $300,000
Accounts Receivable = $280,000
Accounts Payable = $260,000

Ending balances:
Inventory = $280,000
Accounts Receivable = $250,000
Accounts Payable = $240,000

a)141 days

b)261 days

c)97 days

d)116 days

e)238 days

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Expert Solution

jeff jeffy answered 9 months ago

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