Question
Cash conversion cycle: Zocco corporation has an inventory conversion period of 75 days., an average collection period of 38 days, and a payable deferral period
Cash conversion cycle: Zocco corporation has an inventory conversion period of 75 days., an average collection period of 38 days, and a payable deferral period of 30 days.
a. what is the length of the cash conversion cycle? b. if Zocco's annual sales are $3421.875 and all sales are on credit, what is the investment in account recievable? c. How many times per year does Zocco turn over its inventory?
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Auditing The Art and Science of Assurance Engagements
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Joanne C. Jones
13th Canadian edition
133405508, 978-0133405507
