Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Trimaz Co. has the following selected information from its financial statements: Required: 1. Calculate the cash conversion cycle for 209 and 208. (Use closing balances,

image text in transcribed

Trimaz Co. has the following selected information from its financial statements: Required: 1. Calculate the cash conversion cycle for 209 and 208. (Use closing balances, rather than average balances, in the calculations.) (Do not round your intermediate calculations. Round your final answers to 1 decimal place. Use 365 days in a year.) 2. The company would like to improve its cash conversion cycle by three days by changing its days in inventory for 209. What would the revised inventory balance have to be to accomplish this reduction? (Round your intermediate calculations to 1 decimal place and final answer to the nearest dollar amount. Use 365 days in a year.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

ACCA Financial Accounting Study Text 2022 23

Authors: Emile Woolf International

1st Edition

1848436831, 978-1848436831

More Books

Students also viewed these Accounting questions