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C ASH C ONVERSION C YCLE (08 P OINTS ) The following information is from Willy Wonkas Income Statement and Balance Sheet. Calculate Willy Wonkas

CASH CONVERSION CYCLE (08 POINTS)

The following information is from Willy Wonkas Income Statement and Balance Sheet. Calculate Willy Wonkas Cash Conversion Cycle and interpret your result?

Sales	$104,500
Cost of Goods Sold	$50,568
Accounts Receivable	$16,788
Inventory	$12,335
Accounts Payable	$20,980

INSTRUCTION:(SHOW YOUR CALCULATIONS AND ROUND TO 2 DECIMAL PLACES)

Calculate Willy Wonkas Cash Conversion Cycle and interpret your result?

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