Question
Gallardo Company had the following information for the past three years: 2019 2018 2017 Days Inventory Outstanding 31 32 33 Days Sales Outstanding 6 8
Gallardo Company had the following information for the past three years:
|
|
|
|
|
|
|
|
|
|
|
| 2019 |
| 2018 |
| 2017 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Days Inventory Outstanding |
| 31 |
| 32 |
| 33 |
|
|
|
|
|
|
|
|
|
|
| Days Sales Outstanding |
| 6 |
| 8 |
| 9 |
|
|
|
|
|
|
|
|
|
|
| Days Payables Outstanding |
| 21 |
| 16 |
| 15 |
|
|
|
|
|
|
|
|
|
|
Gallardos Cash Conversion Cycle
a) Improved from year 2017 to year 2018 but declined from year 2018 to year 2019.
b) Declined each year from 2017 through 2019.
c) Declined from year 2017 to year 2018 but improved from 2018 to year 2019.
d) Improved each year from 2017 through 2019.
e) There is not enough information to assess the Cash Conversion Cycle.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started