Question
The finance department has been directed to reduce the cash-to-cash cycle time to 34.6 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 34.6 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: 90
Sales: $10400000
Inventory: $2460000
AP: $6950000
Cost of Sales: 56.0
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The Palgrave Handbook Of Technological Finance
Authors: Raghavendra Rau, Robert Wardrop, Luigi Zingales
1st Edition
3030651169, 978-3030651169
