Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Equifax Inc estimates that the company takes 58 days on average to pay off its suppliers. It also knows that it has days' sales in

image text in transcribed
Equifax Inc estimates that the company takes 58 days on average to pay off its suppliers. It also knows that it has days' sales in inventory of 58 days and days sales' outstanding of 78 days. What is its cash conversion cycle? 67 days 22 days 78 days none of the answers is correct. 26 days Question 4 1 pts CMS Energy Corp has an operating cycle of 157 days. The firm's days' sales in inventory is 87 days. How much does the firm have in receivables if it has credit sales of $600,000? Round your final answer to the nearest dollar. $81,171 $126,922 $115,068 $195,183 none of the answers is correct

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions

Question

Which business unit spent the most?

Answered: 1 week ago