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Information for Google follows. $ millionsCurrent YearOne Year PriorAccounts receivable, net$ 25,326$ 20,838Net sales161,857136,819Inventory9991,107Cost of goods sold71,89659,549Accounts payable5,5614,378 Required: Compute Googles cash conversion cycle for
Information for Google follows.
$ millionsCurrent YearOne Year PriorAccounts receivable, net$ 25,326$ 20,838Net sales161,857136,819Inventory9991,107Cost of goods sold71,89659,549Accounts payable5,5614,378
Required:
- Compute Googles cash conversion cycle for both the current and prior years.
- Did Google become more effective at managing cash in the current year?
Compute Google's cash conversion cycle for both the current and prior years
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