Question
Company A's for 2018 had $51,362.26M in Sales, $39,966.37M Cost of Goods Sold. The Account Receivable was $6,704.65M. Finally, the Inventory and Accounts Payable were
Company A's for 2018 had $51,362.26M in Sales, $39,966.37M Cost of Goods Sold. The Account Receivable was $6,704.65M. Finally, the Inventory and Accounts Payable were $2,874.17M and $12,930.18M respectively. The company increases sales by 29% however keeping the same inventory. Applying the percentage of Sales Method, what would be the new Cash Conversion Cycle?
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Financial Markets and Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
8th edition
013342362X, 978-0133423624
