Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

IBM's total revenue in 2015 was about $82 billion. Its costs of goods and services sold was about $41 billion. At the end of 2015,

image text in transcribed
IBM's total revenue in 2015 was about $82 billion. Its costs of goods and services sold was about $41 billion. At the end of 2015, IBM's accounts receivable were $29 billion, its inventory was $2 billion, and its accounts payable were $17 billion. What was IBM's cash conversion cycle last year

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

Recommended Textbook for

Financial Management Principles And Applications

Authors: Sheridan Titman, John Martin

14th Global Edition

1292349824, 978-1292349824

More Books

Students also viewed these Finance questions