Question
Consider the following items from Theis Industries financial statements: Annual sales : $5,773 Cost of goods sold : $5,184 Inventories : $569 Accounts receivable :
| Consider the following items from Theis Industries financial statements:
Annual sales: $5,773 Cost of goods sold: $5,184 Inventories: $569 Accounts receivable: $559 Accounts payable: $415
Calculate the following for Theis: | |
| Inventory conversion period = |
|
| Average collection period = |
|
| Payables deferral period = |
|
| Cash conversion cycle = |
|
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Contemporary Financial Management
Authors: R. Charles Moyer, William J. Kretlow, James R. Mcguigan
7th Edition
0538877766, 9780538877763
