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Homework answers / question archive / The following inventory and sales data are available for the current year for C Company

The following inventory and sales data are available for the current year for C Company

Accounting

The following inventory and sales data are available for the current year for C Company. C Company uses a 360-day year when computing ratios.

 

Net Credit Sales

 

Cost of Goods Sold

     

    Gross Receivable

 

Inventory

July 1

 

 

320,000

780,000

June 30

P6,205,000

P4,380,000

    P350,000

       P960,000

C Company's operating cycle for Year 2 is

 

Group of answer choices

 

 

90.06

 

99.21

 

23.55

 

90.95

 

92.21

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