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Blackwell Automotive reported the following information for the 2017/18 financial year: Assets $ Liabilities and equity $ Cash and marketable sec. 23,015 Accounts payable 163,257
Blackwell Automotive reported the following information for the 2017/18 financial year:
Assets | $ | Liabilities and equity | $ |
Cash and marketable sec. | 23,015 | Accounts payable | 163,257 |
Accounts Receivable | 141,258 | Short-term loan | 21,115 |
Inventories | 212,444 | Total current liabilities | 184,372 |
Total current assets | 387,940 | ||
Net sales | 912,332 | ||
Cost of sales | 547,400 |
Calculate the companys operating cycle and cash conversion cycle.
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