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The Greek Connection had sales of $32 million and a cost of goods sold of $20 million in 2021 . A simplified balance sheet for
The Greek Connection had sales of $32 million and a cost of goods sold of $20 million in 2021 . A simplified balance sheet for the firm appears below: THE GREEK CONNECTION a. Calculate The Greek Connection's net working capital in 2021. Answer: The Greek Connection's net working capital in 2021 is $ million. (Round to two decimal places.) b. Calculate the cash conversion cycle of The Greek Connection in 2021. Answer: The Greek Connection's cash conversion cycle in 2021 is $ days. (Use a 365-day year. Round to two decimal places.) c. The industry average accounts receivable days is 30 days. What would have been the cash conversion cycle for The Greek Connection in 2021 had it met the industry average for accounts receivable days? Answer: The Greek Connection's cash conversion cycle in 2021 would have been $ days. (Use a 365-day year. Round to two decimal places.)
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