Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Calculate Inventory Conversion Period, Recelvables Conversion P riod , the Payment Con. version Period, and the Operating Cycle for Innovation Inc. given the following information.

Calculate Inventory Conversion Period, Recelvables Conversion Priod, the Payment Con. version Period, and the Operating Cycle for Innovation Inc. given the following information. Use 365 to get an average:
Inventory =$5,600
COGS =$3,600
AR=$3,200
Revenues =$4,500
Purchases =$3,250
AP=$2,100
Calculate the Cash Conversion Cycle for the above data from Innovation Inc. and graph on a timeline.
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Total Inventors Manual

Authors: Sean Michael Ragan

1st Edition

1681881586, 978-1681881584

More Books

Students also viewed these Finance questions

Question

Why would forecasting in this case be such a challenge?

Answered: 1 week ago