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The Greek Connection had sales of $31.6 million and a cost of goods sold of $12.6 milion in 2018 . A simplified balance sheet for
The Greek Connection had sales of $31.6 million and a cost of goods sold of $12.6 milion in 2018 . A simplified balance sheet for the firm appears below. a. Calculate The Greek Connection's net working capital in 2018. b. Calculate the cash conversion cycle of The Greek Connection in 2018. c. The industry average accounts receivable days is 30 days. What would have been the cash conversion cycle for The Greek Connection in 2018 had it met the industry average for accounts receivable days? (Hint Use a 365-day year.) (Click on the following icon b in order to copy the contents of the table below into a spreadsheet.) THE GREEK CONNECTION BALANCE SHEET as of December 31, 2018 (thousands of dollars) a. Calculate The Greek Connection's net working capital in 2018. The net working capital is S thousand. (Round to the nearest integer.) b. Calculate the cash conversion cycle of The Greek Connection in 2018. 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 2018 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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