The finance department has been directed to reduce the cash-to-cash cycle time to 39.8 days. You are the accounts receivable manager and need to reduce
The finance department has been directed to reduce the cash-to-cash cycle time to 39.8 days.
You are the accounts receivable manager and need to reduce the AR balance to achieve that goal. Given the following information, what must your AR balance be?
Days in the period: 25
Sales: $13800000
Inventory: $3720000
AP: $6900000
Cost of Sales: 66.4
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Authors: Nikos Vernardakis
1st Edition
0415676800, 978-0415676809
