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Assess Grid Co. has the following financial data: Sotck (Inventory) Stock (Inventory) $ 2,000,000 Accounts receivable (debtors) $ 1,600,000 Accounts payable (creditors) $ 800.00 Sales
Assess Grid Co. has the following financial data:
Sotck (Inventory)
Stock (Inventory) | $ 2,000,000 |
Accounts receivable (debtors) | $ 1,600,000 |
Accounts payable (creditors) | $ 800.00 |
Sales | $ 50,000,000 |
Cost of Sales | $ 20,000,000 |
Determine the following:
a) Inventory conversion period
b) Debtors collection period
c) Payable credit period
d) Cash conversion cycle
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