Question
Westerly Industries has the following financial information. What is its cash conversion cycle? (Hint: Use a 365-day year.) Sales $150,000 Cost of Goods Sold 120,000
Westerly Industries has the following financial information. What is its cash conversion cycle? (Hint: Use a 365-day year.)
| Sales | $150,000 |
| Cost of Goods Sold | 120,000 |
| Accounts Receivable | 45,000 |
| Inventory | 24,000 |
| Accounts Payable | 64,500 |
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Investment Analysis and Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
10th Edition
538482109, 1133711774, 538482389, 9780538482103, 9781133711773, 978-0538482387
