Realize cash from the ending inventory

Assignment Help Accounting Basics

Reference no: EM131002046

Anna Banana Company would like to estimate how long it will take to realize cash from its ending inven- tory. 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: EM131002046

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