Calculate buckeye companys 2009 operating cycle enter your

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Reference no: EM13481740

At January 1, 2004, XYZ Company reported an allowance for bad debts with a $25,000 credit balance. During 2004, XYZ Company wrote-off as uncollectible accounts receivable totaling $17,000. Based on an aging of its accounts receivable at December 31, XYZ Company determined that its bad debt expense for 2004 was equal to $48,000. If XYZ Company had total accounts receivable of $280,000 at December 31, 2004, then its net realizable value at December 31, 2004 must be equal to:

	A)	$207,000
	B)	$232,000
	C)	$190,000
	D)	$224,000
	E)	$240,000

The following selected account balances were taken from Buckeye Company's general ledger atJanuary 1, 2009 and December 31, 2009:

                         January 1, 2009       December 31, 2009

Accounts receivable 42,000 34,000

Inventory 57,000 71,000

The following information was taken from Buckeye Company's 2009 income statement:

Sales revenue $693,500 Cost of goods sold 467,200 Salaries expense 135,900 Gain on sale of land 2,000 Net income $ 92,400

Calculate Buckeye Company's 2009 operating cycle. Enter your answer as a number (i.e., 94). Do not use decimals or a $ in your answer.

Reference no: EM13481740

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