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Considering the financial statement information below for the The C’mon Cam! Co., how long is the cash cycle?  Item                        Beginning                 Ending Inventory                    $9,338              $11,550 Accounts Receivable    5,670                  6,947 Accounts Payable         7,689                  9,625 Net Sales   $82,544 Cost of Goods Sold  $58,638 a. 28 days b. 39 days c. 65 days d. 93 days

Considering the financial statement information below for the The C’mon Cam! Co., how long is the cash cycle?  Item                        Beginning                 Ending Inventory                    $9,338              $11,550 Accounts Receivable    5,670                  6,947 Accounts Payable         7,689                  9,625 Net Sales   $82,544 Cost of Goods Sold  $58,638 a. 28 days b. 39 days c. 65 days d. 93 days

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter7: Receivables And Investments
Section: Chapter Questions
Problem 7.17E
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Considering the financial statement information below for the The C’mon Cam! Co., how long is the cash cycle? 

Item                        Beginning                 Ending
Inventory                    $9,338              $11,550
Accounts Receivable    5,670                  6,947
Accounts Payable         7,689                  9,625

Net Sales   $82,544
Cost of Goods Sold  $58,638

a. 28 days
b. 39 days
c. 65 days
d. 93 days

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