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mathxl.com/Student/PlayerHomework.aspx?homeworkld=575638409&questionld=3&flushed=true&cld=6183900¢erwin=yes Fall 2020: MGT 9170 (1) Chinedu Ibuaka & | 10/16/20 11:55 AM Homework: WEEK 7 ASSIGNMENT - CHAPTER 19 Save Score: 0 of 1

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mathxl.com/Student/PlayerHomework.aspx?homeworkld=575638409&questionld=3&flushed=true&cld=6183900¢erwin=yes Fall 2020: MGT 9170 (1) Chinedu Ibuaka & | 10/16/20 11:55 AM Homework: WEEK 7 ASSIGNMENT - CHAPTER 19 Save Score: 0 of 1 pt 3 of 8 (0 complete) HW Score: 0%, 0 of 8 pts P 19-6 (similar to) iQuestion Help The Greek Connection had sales of $29.8 million and a cost of goods sold of $11.9 million in 2013. A simplified balance sheet for the firm appears below: a. Calculate The Greek Connection's net working capital in 2013. b. Calculate the cash conversion cycle of The Greek Connection in 2013. c. The industry average accounts receivable days is 30 days. What would have been the cash conversion cycle for The Greek Connection in 2013 had it met the industry average for accounts receivable days? (Hint. Use a 365-day year.) THE GREEK CONNECTION BALANCE SHEET as of December 31, 2013 (thousands of dollars) Assets Liabilities and Equity Cash $1,820 Accounts payable $1,537 Accounts receivable 4,097 Notes payable 1,000 Inventory 1 351 Accruals 1 220 a. Calculate The Greek Connection's net working capital in 2013 The net working capital is $ thousand (Round to the nearest integer.)

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