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 CCC?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett, Otgo Erhemjamts
10th Edition
1260013820, 978-1260013825
