Szabo Company computed the following data for 2012. Days' sales in receivables 38.7 days Accounts receivable turnover 9.6 times Accounts receivable turnover in days 35.1 days Days' sales in inventory 68.5 days Merchandise inventory turnover 5.9 times Inventory turnover in days 58.7 days The estimated operating cycle for 2012 is:

a. 97.4 days.
b. 107.2 days.
c. 93.8 days.
d. 108.0 days.
e. 90.7.


C

Business

You might also like to view...

All of the following are among the most important reasons why accounting standards differ around the world except:

a. differences in the state of economic development b. differences in taxation c. differences in inflation d. differences in code law in all countries around the world

Business

Why did accounting and reporting practices in the U.S. prior to 1930 not meet the needs of shareholder investors?

What will be an ideal response?

Business

Earned media is a favorite choice among public relations practitioners because it is guaranteed

Indicate whether the statement is true or false

Business

If yearly insurance premiums are increased, this change in fixed costs will result in an increase in the break-even point

Indicate whether the statement is true or false

Business