Universal Company has an inventory turnover rate of 7.20, a receivables turnover rate of 9.80, and a payables turnover rate of 12.40. How long, in days, is the operating cycle? 92.90 90.42 87.94 OO 85.46 82.98

Universal Company has an inventory turnover rate of 7.20, a receivables turnover rate of 9.80, and a payables turnover rate of 12.40. How long, in days, is the operating cycle? 92.90 90.42 87.94 OO 85.46 82.98

Name: QUESTION 3Universal Company has an inventory turnover rate of 7.20, a
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Description: QUESTION 3Universal Company has an inventory turnover rate of 7.20, a receivables turnover rate of 9.80, and a payables turnover rate of12.40. How long, in days, is the operating cycle?92.9090.4287.9485.4682.98

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 30MCQ

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GE MINDTAP omework 5065600. 6500550 36055055 f6 Complete the balance sheet and sales information using the following financial data: 6 Total assets turnover: 1.1x Days sales outstanding: 73.0 daysa Inventory turnover ratio: 4x Fixed assets turnover: 3.0x Current ratio: 2.0x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales Calculation is based on a 365-day year. Do not round intermediate calculations. Round your answers to the nearest dollar. Balance Sheet Cash Accounts receivable Inventories Fixed assets Total assets Sales Q Search 80000 eBook f7 & 7 f8 * 4+ 8 $ $240,000 fg @MO hp IAA 9 ISBN 9780357517642&nbld-3626933&snap... ✰ f10 Current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity Cost of goods sold ▶II O 99+ f11 O f12 S $ B + g ins 60,000 84,000 prt sc @ 0 delete Q Check My Wo backspace Check hor