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During Year 2, Acme Company reports sales revenue of $143,820 and cost of goods sold of $93,500. All sales are made on account. The inventory balance was $13,300 at the end of Year 1 and $14,200 at the end of Year 2. The accounts receivable balance was $14,400 at the end of Year 1 and $13,800 at the end of Year 2. What is the length of Acme’s operating cycle in Year 2?
Sagot :
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