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Question - Ohio Valley Homecare? Suppliers, Incorporated? (OVHS) had $18 million in sales in 2015. Its cost of goods sold was $7.2 ?million, and its average inventory balance was $1.6 million.
a. Calculate the number of inventory days outstanding for OVHS.
b. The average number of inventory days in the industry is 73 days. By how much would OVHS reduce its investment in inventory if it could improve its inventory days to meet the industry? average?
What is Libscomb's Cash Cycle (in days)? Libscomb Technologies' annual sales are $5,625,005 and all sales are made on credit, it purchases $4,249,451
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The bank collected a note receivable of $1,670 for Redeker Company on July 15, plus $37 of interest. The bank made a $17 charge for the collection. Redeker has not accrued any interest on the note.
case study lynden limited research question consists of a case study you are a graduate accountant working for white
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