Question
A firm has the following financial statement info: Sales $ 6,000,000 COGS $ 5,400,000 Cash $ 50,000 Inv $ 550,000 AR $ 390,000 AP $
A firm has the following financial statement info:
| Sales | $ 6,000,000 |
| COGS | $ 5,400,000 |
| Cash | $ 50,000 |
| Inv | $ 550,000 |
| AR | $ 390,000 |
| AP | $ 450,000 |
| Accruals | $ 60,000 |
| NP | $ 400,000 |
For each question, round to 2 decimals.
What is the length of its inventory conversion period?
| What is the length of its average collection period? What is the length of its payables deferral period? What is the length of its cash conversion cycle? |
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Advanced Finance
Authors: Michael Fardon
1st Edition
1872962319, 1872962173, 978-1872962313, 978-1872962177
