Question
The finance department has been directed to reduce the cash-to-cash cycle time to 20.2 days. You are the operations manager and need to adjust the
The finance department has been directed to reduce the cash-to-cash cycle time to 20.2 days.
You are the operations manager and need to adjust the COGS to achieve that goal. Given the following information, what must your COGS be?
Days in the period: 25
Sales: $2600000
AR: $5175000
AP: $4770000
Inventory: $3660000
(Your answer should be a percentage with 2 decimal places)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Financial Accounting Reporting And Analysis
Authors: Jennifer Maynard
2nd Edition
0198745311, 9780198745310
