Question
Use the following information and 365 days to compute the firm's cash conversion cycle. Average inventory = $75,000; Annual sales = $600,000; Annual cost of
Use the following information and 365 days to compute the firm's cash conversion cycle.
Average inventory = $75,000; Annual sales = $600,000; Annual cost of goods sold = $360,000; Average accounts receivable = $160,000; Average accounts payable = $25,000 Question 4 options:
120.6 days
126.9 days
133.6 days
140.6 days
148.0 days
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Behavioral Finance And Investor Types
Authors: Michael M. Pompian
1st Edition
1118011503, 978-1118011508
