Question
From the financial information below please deeply explain relationship in 3 factors in term of cash cycle and please summarize the financial situation which related
From the financial information below please deeply explain relationship in 3 factors in term of cash cycle and please summarize the financial situation which related to these 3 factors only in year 2020.
| ABD Co.: Financial information | 2018 | 2019 | 2020 | ||||
| Inventories turnover(times) | 3.99 | 4.83 | 4.89 | ||||
| Accounts receivable turnover(times) | 6.48 | 5.89 | 5.15 | ||||
| Accounts payable turnover(times) | 11.22 | 12.01 | 10.96 | ||||
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The three financial factors provided Inventories turnover Accounts receivable turnover and Accounts payable turnover are key components in understandi...
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
