Question
Consider this data for Florence Fashion Footwear Inc. (FFF) and use it to complete the table: Selected Financial Data for Florence Fashion Footwear Inc. (FFF)
Consider this data for Florence Fashion Footwear Inc. (FFF) and use it to complete the table: Selected Financial Data for Florence Fashion Footwear Inc. (FFF) Average cash $54,688 Average accounts payable $300,000 Average accounts receivable $1,312,500 Average inventories $656,250 Average cash sales $4,375,000 Average credit sales $13,125,000 Average cost of goods sold $7,875,000 Average number of days per year 360 days Inventory conversion period 30.00 days Payables deferral period days Receivables conversion period days Cash conversion cycle days
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