Question
The finance department has been directed to reduce the cash-to-cash cycle time to 35.6 days. You are the accounts payable manager and need to reduce
The finance department has been directed to reduce the cash-to-cash cycle time to 35.6 days.
You are the accounts payable manager and need to reduce the AP balance to achieve that goal. Given the following information, what must your AP balance be?
Days in the period: 50
Sales: $4950000
Inventory: $4400000
AR: $5800000
Cost of Sales: 56.0
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The Principles And Practice Of Auditing
Authors: George Puttick, Sandra Van Esch
8th Edition
0702156914, 978-0702156915
