Question
13JBK Corp has $400,000 of sales, $90,000 of inventories, $80,000 of receivables, and $70,000 of payables. Its cost of goods sold is 65% of sales.
13JBK Corp has $400,000 of sales, $90,000 of inventories, $80,000 of receivables, and $70,000 of payables. Its cost of goods sold is 65% of sales. Assume a 365-day year. What is JBKs inventory conversion period?
| A. | 129.84 | |
| B. | 130.73 | |
| C. | 126.35 | |
| D. | 101.30 | |
| E. | 145.86 |
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Trillions How A Band Of Wall Street Renegades Invented The Index Fund And Changed Finance Forever
Authors: Robin Wigglesworth
1st Edition
0593087682,0593087690
