Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Kindly assist 3. Dakar's has $15 million of Sales, $3,000,000 of Inventories, $3,000,000 of Receivables, and $1 million of Payables. Its Cost of goods sold
Kindly assist
3. Dakar's has $15 million of Sales, $3,000,000 of Inventories, $3,000,000 of Receivables, and $1 million of Payables. Its Cost of goods sold is 75% of Sales, and its working capital with the bank at a 10% rate. a. What is the Dakar's Cash Conversion Cycle (CCC)? [10 Marks] b. Dakar's could lower its inventories and receivables by 10 percent each and increase its payables by 12 percent, all without affecting either sales or cost of goods sold. What would be the new CCC? [10 Marks]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