Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Pls Calculate the cash conversion cycle for Delta airlines To do this, take the Days sales outstanding Days inventory outstanding Days payable outstanding Days sales
Pls Calculate the cash conversion cycle for Delta airlines
To do this, take the Days sales outstanding
Days inventory outstanding
Days payable outstanding
Days sales outstanding = Accounts Receivable/Total Credit Sales X (Number of days = 365) Days inventory outstanding = Inventory/Cost of Sales or Products sold X (Number of days = 365) Days payable outstanding = Accounts Payable/Cost of Products sold X (Number of days = 365) CCC = CSO + DIO - DPO Kindly check online for AR,AP,COGS, Inventory
CCC = CSO+DIO-DPO
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