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2. Given the following financial statement information of ABC Corporation, calculate the companys cash conversion cycle. Sales (90% on credit) COGS Accounts receivables 45,000 32,000
2. Given the following financial statement information of ABC Corporation, calculate the companys cash conversion cycle. Sales (90% on credit) COGS Accounts receivables 45,000 32,000 6,000 Inventory-beginning balance Inventory - ending balance Accounts Payable Answer: 1,800 2,300 5,000
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
13th Edition
1337395080, 9781337395083
