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2 Sevall's Corporation wants to determine the effect of its inventory and receivables management on its cash flow cycle Seval's sales last year (all on
2 Sevall's Corporation wants to determine the effect of its inventory and receivables management on its cash flow cycle Seval's sales last year (all on credit) was $365,000, and earned a net profit % of 10%. Inventory Turnover was 24, Days Sales Outstanding was 45, and 4 5 Days Payable Outstanding were 30 7 Cost of Goods Sold was $120,000, and Fixed Assets were $50,000 9 a. Please calculate Sevall's cash conversion cycle (preferably using my methodology, not the text's)
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