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Please answer the attached question - All three parts please Company X has the following data: Credit Sales - $730, 000; COGS - 285,000; Average
Please answer the attached question - All three parts please
Company X has the following data: Credit Sales - $730, 000; COGS - 285,000; Average inventory - $ 125,000; Average A/R - $225,000; Average A/P - $285,000; Opportunity Cost of Funds - 4.25%. Calculate the Cash Conversion Cycle. What is the dollar cost of its cash conversion cycle in #33 above? Finally, how many times a year does Company X turnover its cash from #33 above
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