Question
A company has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle? Annual sales = $45,000 Annual cost
A company has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle?
| Annual sales = | $45,000 |
| Annual cost of goods sold = | $30,000 |
| Inventory = | $4,500 |
| Accounts receivable = | $1,800 |
| Accounts payable = | $2,500 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Mathematics Of Finance
Authors: Petr Zima, Robert L. Brown
5th Edition
0070871353, 978-0070871359
