question archive Szabo Company computed the following data for 2003: Days' sales in receivables: 38
Szabo Company computed the following data for 2003: Days' sales in receivables: 38
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Szabo Company computed the following data for 2003: Days' sales in receivables:
38.7 days Accounts receivable turnover:
9.6 times Accounts receivable turnover in days:
35.1 days Days' sales in inventory:
68.5 days Merchandise inventory turnover:
5.9 times Inventory turnover in days:
58.7 days The estimated operating cycle for 2003 is?
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Answer:
Operating Cycle for 2003 = Accounts Receivables Turnover in days+ Inventory Turnover in days = 35.1+ 58.7
= 93.8 days
