Friday, October 10, 2014

Using the data for the Ray Shio Corporation in the previous question, calculate the following...

Using the data for the Ray Shio Corporation in the previous question, calculate the following assuming a 365-day year and all sales and purchases on credit:

a. Number of days of inventory

b. Number of days of credit

c. Number of days of purchases

d. Operating cycle

e. Net operating cycle

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