Question
The finance department has been directed to reduce the cash-to-cash cycle time to 29.7 days. You are the warehouse manager and need to reduce the
The finance department has been directed to reduce the cash-to-cash cycle time to 29.7 days.
You are the warehouse manager and need to reduce the inventory to achieve that goal. Given the following information, what must your inventory level be?
Days in the period: 85
Sales: $14225000
AR: $2360000
AP: $5300000
Cost of Sales: 77.0
(Your answer should be in whole dollars)
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International Financial Accounting And Reporting
Authors: Ciaran Connolly
6th Edition
1912350025, 978-1912350025
