Question
XYZ Company has annual sales of $622531. The cost of goods sold are $317825. The firm has an accounts receivable balance of $16073, an accounts
XYZ Company has annual sales of $622531. The cost of goods sold are $317825. The firm has an accounts receivable balance of $16073, an accounts payable balance of $21911 and inventory of $30330.
What is the lengh of time between paying for materials and collecting on receivables?That is, what is the cash conversion cycle? Assume 365 days.
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The Handbook Of The Economics Of Corporate Governance Volume 1
Authors: Benjamin Hermalin , Michael Weisbach
1st Edition
0444635300,0444635408
