Question
The short term financial position of Durable Plastic Goods factory comprises the following information: a. Accounts Payable: Tk.6000 b. Annual Credit sales: Tk.500000 c.
The short term financial position of Durable Plastic Goods factory comprises the following information: a. Accounts Payable: Tk.6000 b. Annual Credit sales: Tk.500000 c. Annual Credit purchase: Tk.350000 d. Receivables: Tk.50000 e. Inventory: Tk.80000 f. Cost of Goods Sold: Tk.400000 Draw the Cash Conversion Cycle in terms of days.
Step by Step Solution
3.53 Rating (153 Votes )
There are 3 Steps involved in it
Step: 1
Cash Conversion Cycle Days Inventory Outstanding Days Sales Outstanding Days Payable Outstan...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get StartedRecommended Textbook for
Financial Accounting Information for Decisions
Authors: John J. Wild
8th edition
125953300X, 978-1259533006
Students also viewed these Accounting questions
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
View Answer in SolutionInn App