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Calculate the cash operating cycle

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Reference no: EM132099720

Question - A company has the following debts

Sales = $3,000,000

Costing sales=@1,500,000

Average receivables = $500,000

Average inventory = $300,000

Average payable = $200,000

The material cost represent 50% of the cost of sales. Credit sales account for 80% of the total sales.

Calculate the cash operating cycle.

Reference no: EM132099720

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