Question
The following items are from Lucid Co. (LCD) most recent financial statements. Find cash conversion cycle. Unit: $ Annual Sales 1,200,000 Cost of Goods Sold
The following items are from Lucid Co. (LCD) most recent financial statements. Find cash conversion cycle.
Unit: $
Annual Sales 1,200,000
Cost of Goods Sold 676,500
Inventory 300,000
Account Receivable 225,000
Account Payable 230,381
Question 19 options:
A. 106 days
B. 123 days
C. 141 days
D. 150 days
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Financial Reporting Financial Statement Analysis and Valuation
Authors: Clyde P. Stickney
6th edition
324302959, 978-0324302967, 324302967, 978-0324302950
