Your operating cycle is 83 days long. On average, it is 44 days between when you...
Your operating cycle is 83 days long. On average, it is 44 days between when you receive an item and when you sell it to a customer. How long does it take to turn an average receivable into cash?
Homework Answers
Operating Cycle = Inventory Period + Accounts Receivable Period
Operating cycle = 83
Inventory period = 45 ( average number of days inventory held in storage)
83= 45+ Account receivable period
Account receivable period = 83-45= 38
38 days it take to turn an average receivable into cash
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