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Question 16 (6 points) Saved Arkansas Technology Incorporated (ATI) purchases goods from its suppliers on terms of 3/15, net 40. The following information is for
Question 16 (6 points) Saved Arkansas Technology Incorporated (ATI) purchases goods from its suppliers on terms of 3/15, net 40. The following information is for Southern Cross Ventures. (6 marks) Sales (all on credit) Cost of Goods Sold Accounts receivable Inventory Accounts Payable $100,000 80,000 30,000 15,000 40,000 a) What is Southern Cross Cash Conversion Cycle? (4 marks) W b) What does your answer about the cash conversion cycle tells you about Southern Cross use or need for cash? (2 marks)
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