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Problem 17-11 During the past month a firm shows the following metrics: Average days of accounts receivable 7.00 days Average daily cost of sales $
Problem 17-11
During the past month a firm shows the following metrics: |
Average days of accounts receivable | 7.00 | days | |
Average daily cost of sales | $ | 60,000 | |
Current total value of inventory | $ | 375,000 | |
Current value of accounts payable | $ | 175,000 | |
Compute the cash-to-cash cycle time. (Round your intermediate calculations and final answer to 2 decimal places.) |
Cash-to-cash cycle time | days |
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