Question
Compare the cash conversion cycles of Tesla, Inc. and Ford Motor Company for the year 2023: Company Tesla, Inc. Ford Motor Company Days Inventory Outstanding
Compare the cash conversion cycles of Tesla, Inc. and Ford Motor Company for the year 2023:
Company | Tesla, Inc. | Ford Motor Company |
Days Inventory Outstanding | 30 days | 40 days |
Days Sales Outstanding | 20 days | 25 days |
Days Payable Outstanding | 10 days | 15 days |
Cash Conversion Cycle |
Question:
Calculate the cash conversion cycle for both Tesla, Inc. and Ford Motor Company. Which company has a shorter cash conversion cycle?
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Principles of Accounting
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
12th edition
978-1133603054, 113362698X, 9781285607047, 113360305X, 978-1133626985
