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Question 7 Managers at Funck Inc. provide you with the following data: Ending receivables balance: $450,000 Receivables, on average, can be converted to cash in
Question 7 Managers at Funck Inc. provide you with the following data: Ending receivables balance: $450,000 Receivables, on average, can be converted to cash in 28 days Ending inventory balance: $375,000 Inventory, on average, can be liquidated in 48 days How many days will it take to convert the receivables and inventory to cash? Enter your answer as a number with two decimal places of precision (i.e. 1.34)
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