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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Business Finance
Authors: Ronald R. Pitfield
1st Edition
0852581513, 978-0852581513
