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Home Depot's cash conversion cycles are reported as follows: Days sales outstanding (DSO) + Days inventory outstanding (DIO) - Days payable outstanding (DPO) Cash
Home Depot's cash conversion cycles are reported as follows: Days sales outstanding (DSO) + Days inventory outstanding (DIO) - Days payable outstanding (DPO) Cash conversion cycle Sales (Revenues) 2023 2022 6.2 7.2 61.4 69.4 (40.2) (39.1) 27.4 37.5 $83,954 58,301 Cost of goods sold What is the amount of cash inflow the firm realized by reducing its days inventory outstanding (DIO) in 2023?
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Financial accounting
Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom
9th edition
978-0132751216, 132751127, 132751216, 978-0132751124
