Bulalugaw's net sales for 2020 is 240,000. 30% of it was on credit. In 2019 their accounts receivable is 32,000 and 58,000 on 2020. and Bulalugaw's cost of sales in 2020 is 95,000. Their inventory in 2019 and 2020 are 50,000 and 40,000 respectively. How many days does it take for Bulalugaw to convert their inventory in cash?

Bulalugaw's net sales for 2020 is 240,000. 30% of it was on credit. In 2019 their accounts receivable is 32,000 and 58,000 on 2020. and Bulalugaw's cost of sales in 2020 is 95,000. Their inventory in 2019 and 2020 are 50,000 and 40,000 respectively. How many days does it take for Bulalugaw to convert their inventory in cash?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 10EB: My Aunts Closet Store collects 60% of its accounts receivable in the month of sale and 35% in the...

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