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PLEASE HELP, NEED HELP ON THIS ONE ASAP. I The Greek Contoh 400.000 - 2019 Armon THE GREEK CONNECTION BALANCE SHEET December 31, 2017 Assets
PLEASE HELP, NEED HELP ON THIS ONE ASAP.
I The Greek Contoh 400.000 - 2019 Armon THE GREEK CONNECTION BALANCE SHEET December 31, 2017 Assets Liabetes and Equity 52.160 Accounts payable $1,620 Accounts receivable 4500 Notes payable 1.000 Inventory 1.6.20 Accruals 1.440 Total current assets $8.280 Total current liabilities $4.140 Net plant property and equipment $9.720 Long-term debt $3,600 Total assets $18,000 Total abilities $7,740 Common equity $10.260 Total liabilities and equity $18,000 a. Calculate The Greek Connection's net working capital in 2019. Answer: The Greek Connection's net working capital in 2019 is $ million (Round to integer) b. Calculate the cash conversion cycle of the Greek Connection in 2019, Answer: The Greek Connection's cash conversion cycle in 2019 is $ days. (Use a 365-day year. Round to two decimal places) c. The Industry average accounts receivable days is 40 days. What would have been the cash conversion cycle for The Greek Connection in 2019 had it met the Indu average for accounts receivable days? Answer: The Greek Connection's cash conversion cycle in 2019 would have been $ days. (Use a 365-day year. Round to two decimal places) Step by Step Solution
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