Question
Dewey Corporation has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle? Do not round intermediate calculations. Round
Dewey Corporation has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle? Do not round intermediate calculations. Round your answer to the nearest day. (Show all calculations for full credit.)
| Annual sales = | $52,000 |
| Annual cost of goods sold = | $36,400 |
| Inventory = | $4,000 |
| Accounts receivable = | $2,000 |
| Accounts payable = | $2,400 |
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Pricing And Hedging Financial Derivatives A Guide For Practitioners
Authors: Leonardo Marroni, Irene Perdomo
1st Edition
1119953715, 978-1119953715
