The following information is reported by Acme Corporation.
Cost of goods sold $350,000
Average inventory balance 35,000
Average accounts receivable balance 65,000
Sales (all on account) 325,000
Average accounts payable balance 45,000
Operating expenses (excluding depreciation) 500,000
Purchases 40,000
What is Acme Corporation's average operating cycle as a percentage of the year?

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The Answer of The following information is reported by Acme Corporation.
Cost of goods sold $350,000
Average inventory balance 35,000
Average accounts receivable balance 65,000
Sales (all on account) 325,000
Average accounts payable balance 45,000
Operating expenses (excluding depreciation) 500,000
Purchases 40,000
What is Acme Corporation's average operating cycle as a percentage of the year?

The Following Information Is Reported by Acme Corporation