Marian Co. has credit sales of P240,000 with a GP rate of 20% of Credit Sales. It has an average receivable of P16,000 and an average inventory of P20,000. There are 300 business days during the year. What is the operating cycle? (Days of Collection + Holding Period)

Marian Co. has credit sales of P240,000 with a GP rate of 20% of Credit Sales. It has an average receivable of P16,000 and an average inventory of P20,000. There are 300 business days during the year. What is the operating cycle? (Days of Collection + Holding Period)

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 1P: Greene Sisters has a DSO of 20 days. The companys average daily sales are 20,000. What is the level...

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