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Calculate the cash conversion cycle for the following firm: Income statement data: Sales $20,000 Cost of goods sold15,000 Balance sheet data (averages): Inventory 2,000 Accounts
Calculate the cash conversion cycle for the following firm:
Income statement data:
Sales $20,000
Cost of goods sold15,000
Balance sheet data (averages):
Inventory 2,000
Accounts receivable 500
Accounts payable 1,000
A) 63.9
B) 73.0
C) 33.5
D) 82.1
E) 21.3
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