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Sims Electric Corp. has been striving for the last 5 years to improve its management of working capital. Historical data for the firm's sales, accounts
Sims Electric Corp. has been striving for the last 5 years to improve its management of working capital. Historical data for the firm's sales, accounts receivable, inventories, and accounts payable follow: a. Calculate Sims' days of sales outstanding, days of payables outstanding and days of sales in inventory for each of the 5 years. Assume a 365-day year. b. Calculate Sims' cash conversion cycle for each of the 5 years. Evaluate Sims' overall management of its working capital. Assume a 365-day year. a. Calculate Sims' days of sales outstanding, days of payables outstanding and days of sales in inventory for each of the 5 years. Assume a 365-day year
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