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Ch 22: Assessment i 9 11.12 points A manufacturer reports the data below. Accounts payable Accounts receivable Inventory Net sales Cost of goods sold $
Ch 22: Assessment i 9 11.12 points A manufacturer reports the data below. Accounts payable Accounts receivable Inventory Net sales Cost of goods sold $ 10,249 19,074 6,055 234,207 138,800 Saved (1) Compute the number of days in the cash conversion cycle. (2) Is the company more efficient at managing cash than its competitor who has a cash conversion cycle of 14 days? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the number of days in the cash conversion cycle. (Use 365 days in a year. Round calculations to the nearest whole day.) Cash conversion cycle days < Required 1 Required 2 > Ch 22: Assessment i 9 11.12 points A manufacturer reports the data below. Accounts payable Accounts receivable Inventory Net sales Cost of goods sold $ 10,249 19,074 6,055 234,207 138,800 Saved (1) Compute the number of days in the cash conversion cycle. (2) Is the company more efficient at managing cash than its competitor who has a cash conversion cycle of 14 days? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Is the company more efficient at managing cash than its competitor who has a cash conversion cycle of 14 days? Is the company more efficient at managing cash than its competitor who has a cash conversion cycle of 14 days? < Required 1 Required 2 >
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