Company ZT reported for the fiscal year ended 2020, a $51970 and $62400 beginning and ending accounts receivable, respectively. A $9750 beginning accounts payable and $16850 ending accounts payable was also reported. Likewise, an ending inventory of $28600 and a beginning inventory of $15400, with $371500 cost of goods sold was included in the report. Finally, the report reflects a credit sales of $1289300. Approximately, how many days does it take for Company ZT to turn its inventory to sales? Approximately, how many days does it take for Company ZT to collect a typical invoice? Approximately, how many days does it take for Company ZT to pay for its invoice?
Company ZT reported for the fiscal year ended 2020, a $51970 and $62400 beginning and ending accounts receivable, respectively. A $9750 beginning accounts payable and $16850 ending accounts payable was also reported. Likewise, an ending inventory of $28600 and a beginning inventory of $15400, with $371500 cost of goods sold was included in the report. Finally, the report reflects a credit sales of $1289300. Approximately, how many days does it take for Company ZT to turn its inventory to sales? Approximately, how many days does it take for Company ZT to collect a typical invoice? Approximately, how many days does it take for Company ZT to pay for its invoice?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Company ZT reported for the fiscal year ended 2020, a $51970 and $62400 beginning and ending accounts receivable, respectively. A $9750 beginning accounts payable and $16850 ending accounts payable was also reported. Likewise, an ending inventory of $28600 and a beginning inventory of $15400, with $371500 cost of goods sold was included in the report. Finally, the report reflects a credit sales of $1289300.
Approximately, how many days does it take for Company ZT to turn its inventory to sales?
Approximately, how many days does it take for Company ZT to collect a typical invoice?
Approximately, how many days does it take for Company ZT to pay for its invoice?
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