Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PT. Mangane Kopi Nusantara (PT. MKN) produces green coffee bean. The company has found it increasingly difficult to keep accurate inventory and cash flows. Data:

PT. Mangane Kopi Nusantara (PT. MKN) produces green coffee bean. The company has found it increasingly difficult to keep accurate inventory and cash flows.

Data: - Sales over last 30 days = $5,560,000,- - Accounts receivable at the end of the month = $587,250,- - Inventory value at the end of the month = $776,000,- - Cost of sales = 60 percent of total sales - Accounts payable at the end of the month = $456,000,


Calculate current cash-to-cash cycle for PT. MKN.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

To calculate the cashtocash cycle for PT Mangane Kopi Nusantara PT MKN follow these steps 1 Days Inv... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles of Auditing and Other Assurance Services

Authors: Ray Whittington, Kurt Pany

19th edition

978-0077804770, 78025613, 77804775, 978-0078025617

More Books

Students also viewed these General Management questions