Question
XYZ Company has annual sales of $644,592. The cost of goods sold are $436,613. The firm has an accounts receivable balance of $16,479, an accounts
XYZ Company has annual sales of $644,592. The cost of goods sold are $436,613. The firm has an accounts receivable balance of $16,479, an accounts payable balance of $8,741 and inventory of $26,113.
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.
Enter the answer rounded off to two decimal points.
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Matlab An Introduction with Applications
Authors: Amos Gilat
5th edition
1118629868, 978-1118801802, 1118801806, 978-1118629864
