Santana Rey's two departments, Computer Consulting Services and Computer Workstation Furniture Manufacturing, have each been profitable...

Transcribed Image Text:

Santana Rey's two departments, Computer Consulting Services and Computer Workstation Furniture Manufacturing, have each been profitable for Business Solutions. Santana has heard of the cash conversion cycle and wants to use it as another performance measure for the workstation manufacturing department. Data below are for the most recent two quarters. Days' sales in accounts receivable Days' sales in inventory Days' payable outstanding Required: 1st Quarter 2nd Quarter 19 days 21 days 25 days 24 days 31 days 28 days 1&2. Compute cash conversion cycle for the first quarter and second quarter. 3. Did cash conversion cycle improve or worsen from the first to the second quarter? Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Compute cash conversion cycle for the first quarter and second quarter. 1st Quarter 2nd Quarter Cash conversion cycle Santana Rey's two departments, Computer Consulting Services and Computer Workstation Furniture Manufacturing, have each been profitable for Business Solutions. Santana has heard of the cash conversion cycle and wants to use it as another performance measure for the workstation manufacturing department. Data below are for the most recent two quarters. Days' sales in accounts receivable Days' sales in inventory Days' payable outstanding Required: 1st Quarter 2nd Quarter 19 days 21 days 25 days 24 days 31 days 28 days 1&2. Compute cash conversion cycle for the first quarter and second quarter. 3. Did cash conversion cycle improve or worsen from the first to the second quarter? Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Compute cash conversion cycle for the first quarter and second quarter. 1st Quarter 2nd Quarter Cash conversion cycle