Question
Consider the following information for a company: Sales (all credit): $6,000,000; Cost of Goods Sold: 80% of Sales; Accounts receivable: $350,000; Inventory: $600,000; Accounts payable:
Consider the following information for a company: Sales (all credit): $6,000,000; Cost of Goods Sold: 80% of Sales; Accounts receivable: $350,000; Inventory: $600,000; Accounts payable: $150,000 What is the approximate Cash Conversion Cycle? Use 1 year = 365 days
| 21 days | ||
| 11 days. | ||
| 56 days. | ||
| 46 days. |
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Personal Finance
Authors: Jane King, Mary Carey
2nd Edition
0198748779, 9780198748779
