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THE GREEK CONNECTION BALANCE SHEET as of December 31, 2013 (thousands of dollars) Liabilities and Equity Assets Cash $1,560 unts payable 1,332 1,000 1,220 S3,552
THE GREEK CONNECTION BALANCE SHEET as of December 31, 2013 (thousands of dollars) Liabilities and Equity Assets Cash $1,560 unts payable 1,332 1,000 1,220 S3,552 $3,000 S6,552 $8,558 $15,110 unts receivable 3,561 Notes payable 1,489 $6,610 Total current liabilities als Inventory Total current assets Net plant, property, and equipment Total assets $8,500 Long-term debt $15,110 Total liabilities Common equity Total liabilities and equity a. Calculate The Greek Connection's net working capital in 2013 The net working capital is s thousand. (Round to the nearest integer) b. Calculate the cash conversion cycle of The Greek Connection in 2013 The cash conversion cycle is days. (Round to one decimal place.) c. The industry average accounts receivable days is 30 days. What would have been the cash conversion cycle for The Greek Connection in 2013 had it met the industry average for accounts receivable days? Had they met the industry average accounts receivable days of 30 days, the CCC would have been days. (Round to one decimal place.)
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