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For each account you will be provided with two numbers, 2019 and 2020 year ends. Sales 50 and 55. COGS 30 and 32. A/R 20
For each account you will be provided with two numbers, 2019 and 2020 year ends. Sales 50 and 55. COGS 30 and 32. A/R 20 and 25. Inventory 15 and 20. A/P 30 and 30. Find the duration of the cash cycle of the company. What does it mean for the company? A approximately 52 days, company should use short term financing Bapproximately - 39 clays, company should use short term financing C approximately 52 days, company accumulates cash Dapproximately - 39 days, company accumulates cash
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