Question
Calculate the firm's cash conversion cycle given annual sales are $660,000 and cost of goods represent 80% of sales. Assume a 365-day year. Days sales
Calculate the firm's cash conversion cycle given annual sales are $660,000 and cost of goods represent 80% of sales. Assume a 365-day year.
Days sales outstanding (365-day basis) | 45.63 | 32.00 |
Inventory turnover | 10.80 | 20.00 |
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 6th Edition
324664559, 978-0324664553
