Question
Using the following information, answer the four questions. 5 V O Revenue $1,500,000 Inventories 220,000 A 8 9 Trade payables 95,000 10 11 -- 12
Using the following information, answer the four questions. 5 V O Revenue $1,500,000 Inventories 220,000 A 8 9 Trade payables 95,000 10 11 -- 12 Trade receivables 120,000 Cost of Sales 900,000
1.What is the inventory conversion period?
2. What is the trade receivables conversion period?
3. What is the trade and other payables deferral period?
4. Using your preceding answers, what is the Cash Conversion Cycle?
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Auditing For Managers The Ultimate Risk Management Tool
Authors: K. H. Spencer Pickett, Jennifer M. Pickett
1st Edition
0470090987, 978-0470090985
