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Piper Inc. Selected Financial Data 2020 Net Sales $400 Cost of Goods Sold $300 Inventory $60 Receivables Payables $85 $25 a. Days Inventory Outstanding (DIO)
Piper Inc. Selected Financial Data 2020 Net Sales $400 Cost of Goods Sold $300 Inventory $60 Receivables Payables $85 $25 a. Days Inventory Outstanding (DIO) | b. Days Sales Outstanding (DSO) c. Days Payables Outstanding (DPO) d. Cash Conversion Cycle e. At its current net cash burn rate, Piper Inc has only 3 months before it will run out of cash. Piper's CFO believes it will take longer than that to raise new equity. f. Does Piper need to lengthen or shorten its Cash Conversion Cycle to buy more time? g. What things can Piper do in the short term to improve its Cash Conversion Cycle
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