Question
a. Calculate The Greek Connection's net working capital in 2013. The net working capital is ______thousand.(Round to the nearest integer.) Part 2 b. Calculate the
a. Calculate The Greek Connection's net working capital in 2013.
The net working capital is ______thousand.(Round to the nearest integer.)
Part 2
b. Calculate the cash conversion cycle of The Greek Connection in 2013.
The cash conversion cycle is______days. (Round to one decimal place.)
Part 3
c. The industry average accounts receivable days is 30 days. What would have been the cash conversion cycle for The Greek Connection in 2013 had it met the industry average for accounts receivable days?
Had they met the industry average accounts receivable days of 30 days, the CCC would have been______days.(Round to one decimal place.)
The Greek Connection had sales of $29.1 million and a cost of goods sold of $11.6 million in 2013 . A simplified balance sheet for the firm appears below: a. Calculate The Greek Connection's net working capital in 2013. b. Calculate the cash conversion cycle of The Greek Connection in 2013. ndustry average for accounts receivable days? (Hint: Use a 365-day year.)Step by Step Solution
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