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Tauscher Textiles Corporation has an inventory conversion period of 45 days, a receivables collection period of 36 days, and a payables deferral period of 35
Tauscher Textiles Corporation has an inventory conversion period of 45 days, a receivables collection period of 36 days, and a payables deferral period of 35 days.
a. What is the length of the firms cash conversion cycle?
b. If Tauschers sales are $4,309,028 and all sales are on credit, what is the firms investment in accounts receivable?
c. If the firms cost of goods sold are $3,231,771 and all sales are on credit, how much inventory is on the firms balance sheet
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