Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Company A's for 2018 had $47,861.12M in Sales, $38,617.72M Cost of Goods Sold. The Account Receivable was $5,315.16M. Finally, the Inventory and Accounts Payable were

image text in transcribed
Company A's for 2018 had $47,861.12M in Sales, $38,617.72M Cost of Goods Sold. The Account Receivable was $5,315.16M. Finally, the Inventory and Accounts Payable were $2,179.34M and $12,234,89M respectively. The company increases sales by 33% however keeping the same inventory. Applying the percentage of Sales Method, what would be the new CCC? NOTE: Provide your answer with 2 decimals. If your computation is 35.3778, you must answer 35.38

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 Legal Environment Today Summarized Case Edition

Authors: Roger LeRoy Miller

8th Edition

130526276X, 978-1305279407, 1305279409, 978-1305704930, 1305704932, 978-1305262768

More Books

Students also viewed these Finance questions