A company plans on reducing its cash conversion cycle by collecting its accounts receivable from customers more
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Question:
A company plans on reducing its cash conversion cycle by collecting its accounts receivable from customers more quickly. Review the ratios discuss whether or not the company achieved this goal by executing its strategy.
2014 2013 2012 2011
Days Inventory Outstanding 30.2 30.6 30.7 31.9
Days Sales Outstanding 16.1 15.5 16.3 16.1
Days Payable Outstanding 25.5 25.1 20.8 22.1
Cash Conversion Cycle 20.8 21.0 26.2 25.9
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