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Question: A Company Has The Following Items For The Fiscal Year 2020: Revenue = 10 Million (50% Is Credit Sales) Cost Of Goods Sold = 3 Million Account Receivable = 0.6 Million Account Payable = 0.6 Million Inventory = 0.5 Million Calculate The Company’s Collection Period And Payable Period (You Need To Show (1) The Formula And (2) Your Calculation Process.) …

Question: A Company Has The Following Items For The Fiscal Year 2020: Revenue = 10 Million (50% Is Credit Sales) Cost Of Goods Sold = 3 Million Account Receivable = 0.6 Million Account Payable = 0.6 Million Inventory = 0.5 Million Calculate The Company’s Collection Period And Payable Period (You Need To Show (1) The Formula And (2) Your Calculation Process.) …

  1. A company has the following items for the fiscal year2020:
  • Revenue = 10 million (50% is credit sales)
  • Cost of goods sold = 3 million
  • Account receivable = 0.6 million
  • Account payable = 0.6 million
  • Inventory = 0.5 million

Calculate the company’s collection period andpayable period

(You need to show (1) the formula and (2) your calculationprocess.)

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