Question
A company has annual sales of $12 million, cost of good sold of $8 million. It has accounts receivable balance of $360,000, inventories of $640,000,
A company has annual sales of $12 million, cost of good sold of $8 million. It has accounts receivable balance of $360,000, inventories of $640,000, and accounts payable of $320,000. What would be its cash conversion cycle? Round up.
29 days
26 days
15 days
40 days
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Finance for Non Financial Managers
Authors: Pierre Bergeron
7th edition
176530835, 978-0176530839
