Burdick Corporation has provided the following financial data from its balance sheet: Sales (all on account) in Year 2 amounted to $1,410,000 and the cost of goods sold was $860,000. The company's operating cycle for Year 2 is closest to:
A)10.4 days
B)79.5 days
C)141.3 days
D)72.2 days

Question

Burdick Corporation has provided the following financial data from its balance sheet:  Sales (all on account) in Year 2 amounted to $1,410,000 and the cost of goods sold was $860,000. The company's operating cycle for Year 2 is closest to:
A)10.4 days 
B)79.5 days 
C)141.3 days 
D)72.2 days

Quizplus · Accepted Answer

The Answer of Burdick Corporation has provided the following financial data from its balance sheet:  Sales (all on account) in Year 2 amounted to $1,410,000 and the cost of goods sold was $860,000. The company's operating cycle for Year 2 is closest to:
A)10.4 days 
B)79.5 days 
C)141.3 days 
D)72.2 days

Burdick Corporation Has Provided the Following Financial Data from Its