Question
The financial information for Pear Company is provided below: Sales $2.8 million Cost of goods sold $2.3 million Purchases $2.1 million Average receivables $0.6 million
The financial information for Pear Company is provided below:
Sales $2.8 million
Cost of goods sold $2.3 million
Purchases $2.1 million
Average receivables $0.6 million
Average inventory $0.5 million
Average payables $0.2 million
The company's cash conversion cycle is closest to:
Select one:
A. 114 days
B. 122 days
C. 192 days
D. 129 days
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Financial Management In The Sport Industry
Authors: Matthew T. Brown, Daniel A. Rascher, Mark S. Nagel, Chad D. McEvoy
3rd Edition
0367321211, 978-0367321215
