Estimate how long it will take to realize cash

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Anna Banana Company would like to estimate how long it will take to realize cash from its ending inventory. For this purpose, the following data are submitted:

Accounts receivable, less allowance for doubtful accounts of $30,000

560,000

Ending inventory

680,000

Net sales

4,350,000

Cost of goods sold

3,600,000

Required

Estimate how long it will take to realize cash from the ending inventory.

Reference no: EM13530976

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