Question
We have $90,000 in inventory, $40,000 in payables and $105,000 in receivables. Each day we sell $3,000 in goods, purchase $2,000 in raw goods have
We have $90,000 in inventory, $40,000 in payables and $105,000 in receivables. Each day we sell $3,000 in goods, purchase $2,000 in raw goods have $ 5,000 in sales.
What is the inventory conversion period?
a.30 days
b.9 days
c.51 days
d.21 days
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Financial Literacy And Money Script A Caribbean Perspective
Authors: Christine Sahadeo
1st Edition
3319770748, 978-3319770741
