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Homework answers / question archive / The following data are available for the current year for the Ben Jonson Company

The following data are available for the current year for the Ben Jonson Company

Accounting

The following data are available for the current year for the Ben Jonson Company. It uses a 365-day year when computing ratios. December 31, December 31 Year 2 Year 3 Net credit sales $6,205,000 Accounts receivable 335,000 $350,000 Inventory 870,000 960,000 Cost of goods sold 4,380,000 If the Ben Jonson Company's cash cycle for Year 2 is 51.40 days, its days' purchases in accounts payable equal Basic Calculator Time Value Tables 1 10 11 12 A. 71.11 days 13 B. 104.19 days. 15 16 c. 143.61 days 17 18 D. 40.81 days 19 20

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