Question
An analyst gathered the following information: Net sales = $775,000 ($370,000 of cash sales) Accounts receivable = $121,500 Number of days of inventory = 115.2
An analyst gathered the following information:
Net sales = $775,000 ($370,000 of cash sales)
Accounts receivable = $121,500
Number of days of inventory = 115.2
Pu rchases = $112,450
Accounts payables = $31,230
What is the company's cash conversion cycle?
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Financial Management For Decision Makers
Authors: Peter Atrill
7th Edition
129201606X, 978-1292016061
