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What is the amount of Credit Sales

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Question - Ikaris Co. has a cash conversion cycle of 5 days, normal operating cycle of 6 days, and average collection period of 3 days. The average Accounts payable and Accounts receivable amounts to P20,000 and P25,000, respectively. What is the amount of Credit Sales? Use 360-days.

a. 2,400,000

b. 3,000,000

c. 1,200,000

d. 1,800,000

Reference no: EM133057481

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