Question
Computing Cash Conversion Cycle for Two Years Winnebago Industries has the following metrics for 2015 and 2014. Amounts in days 2015 2014 Days sales outstanding
Computing Cash Conversion Cycle for Two Years Winnebago Industries has the following metrics for 2015 and 2014.
| Amounts in days | 2015 | 2014 |
|---|---|---|
| Days sales outstanding | 26.6 | 20.2 |
| Days inventory outstanding | 48.2 | 50.0 |
| Days payable outstanding | 13.9 | 13.3 |
Compute the cash conversion cycle for both years.
Round answers to one decimal place.
Cash conversion cycle
2015: ____ Days
2014: ____ Days
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Financial Statements A Step By Step Guide To Understanding And Creating Financial Reports
Authors: Thomas Ittelson
1st Edition
1632652072, 978-1632652072
