Question
Inventory = 1,250 COGS = 7,200 A/R = 4,000 Revenues = 8,000 Purchases = 5,500 A/P = 3,200 A. Refer to the information above. What
Inventory = 1,250
COGS = 7,200
A/R = 4,000
Revenues = 8,000
Purchases = 5,500
A/P = 3,200
A. Refer to the information above. What is the inventory conversion period? Use 365 as the number of days in a year.
B. Refer to the information above. What is the receivables conversion period? Use 365 as the number of days in a ye
C. Refer to the information above. What is the payables conversion period? Use 365 as the number of days in a year.
D. Refer to the information above. What is the operating cycle? Use 365 as the number of days in a year.
E. Refer to the information above. What is the cash conversion cycle? Use 365 as the number of days in a year.
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