The following information is available for Blankenship Company for the most recent year.
What was Blankenship's operating cycle for the most recent year? (Round to the nearest whole day. )
Definitions:
Credit Balances
Accounts within the accounting ledger that have a positive balance, indicating amounts owed to others.
Trial Balance
A list of all accounts with their balances to provide a check on the equality of the debits and credits.
Balance Sheet
A financial statement that presents a company’s assets, liabilities, and shareholders’ equity at a specific point in time, showing the company’s financial condition.
Listing
In finance, it usually refers to the process of adding a company's shares to the roster of stocks traded on a particular stock exchange.
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